Why is it that only foreigners still have a sense of honor?

German billionaire throws himself in front of train. Lost huge by betting wrong on Volkswagen shorts. A Frenchman and now a German knew how to express their genuine remorse at losing investors’ money. The Japanese, of course, have always followed the Samurai way. Not this country’s bad guys and dupes. Surely there was a subway between Bernie Madoff’s offices and his penthouse.

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5 responses to “Why is it that only foreigners still have a sense of honor?

  1. Peg

    I am not certain of the cause. But, it appears that for a long time, the values in our nation have strayed from what I was taught as a child. No longer: “Do your best; put your clients’ interests first, value integrity and long-term goals over riches and short-term gain.”

    Now all that seems to matter is your wealth – irrespective of how it was achieved. And – if you screw up? Do your best to blame it on someone else and hope you win the lawsuits.

    I may not be young enough to see our country get everything turned around. Still – I hope that one day we are able to do it before we go down the same road that the Romans did.

  2. Phil Grimm

    Suicides in Japan tend to not jump in front of trains, Japan Rail will bill the dead person’s family for all expenses in cleaning up the mess.

  3. fred

    Peg: stay away from real estate agents and you will be ok.

  4. pulled up in OG

    Speared on a bullet train! That could smear a guy for miles.

    I’m gonna name all the bugs on my windshield this summer . . . Bernie . . . Dickie . . . Walt . . .

  5. pulled up in OG

    Looks like this guy was batting leadoff – foreign name division. Early December in California.
    Not a scumbag, though:

    “Ed Von der Porten said his son “would analyze what he thought were problems in the financial world and would pass it on to reporters he knew. He was concerned that a lot of people were being cheated by unscrupulous operators and that regulators weren’t following up. He felt that analysts on Wall Street were lying or not doing their job.”

    Von der Porten’s campaign to focus the attention of the Securities and Exchange Commission and others on such problems earned him a passage in a 2005 book by Charles Gasparino entitled “Blood on the Street: The Sensational Inside Story of How Wall Street Analysts Duped a Generation of Investors.”

    Gasparino described how Von der Porten tried for years without success to get regulators to focus on holding Wall Street analysts accountable for mistakes and hyped research – until one day he finally was summoned to Washington to brief 10 investigators on the shortcomings he saw with Wall Street’s research.”

    http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/01/04/MN7R14QOU3.DTL&hw=suicide&sn=009&sc=364