Word: greed
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Dates: during 2000-2009
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...things. It was not an ordinary Ponzi scheme we were all part of; it was the biggest in the history of the world, valued at some $50 billion. Lucky us. Small investors, institutions, hedge funds, global banks, pension funds - all fell victim to usual suspects: a smooth huckster and greed...
...number, their faith has influenced Judaism, Christianity and Islam with its teachings of a single deity, a dualistic universe of good versus evil, and a final day of reckoning. The religion professes that humankind is designed to evolve toward perfection, but is complicated by evil forces such as greed, lust and hatred, explains Mehraban Firouzgary, the head priest of the Zoroastrian temple in Tehran. According to Zoroastrians, these evil forces must be challenged proactively by developing a "good mind" that embraces a life of good thoughts, good words and good deeds...
...this debacle—the subprime mortgage fiasco. If you’ve forgotten, then I’d suggest Michael Lewis’s recent article in Portfolio.com, “The End of Wall Street’s Boom,” as a refresher on the greed and incompetence that got us in this situation...
...course, the greed and incompetence was not limited to a few individuals, but nearly systemic. As a result, finding out who is responsible for the collapse of our economy is as difficult as determining who is responsible for the death of Jdimytai Damour, the Wal-Mart employee who was trampled to death last Friday by around 2,000 people who continued shopping after it was announced that an employee had been killed. Both of these mishaps were the result of a large number of people acting irresponsibly and arguably some acting criminally...
...taking. Over-consumption in the United States and other wealthy countries comes not only at the financial cost to consumers, but also at the expense of our environment and many human lives that are lost or degraded needlessly every year. As the dust settles, it seems clear that reckless greed played a leading role in the creation of the current financial disaster. We should all consider our own motives and their far-reaching, indirect effects in light of that calamity...