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Title:

Why Bank of America will never close the deal to buy con artist Angelo Mozilo's Countrywide

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Simply stated, honesty plays little part in American business. Our morality, on the contrary, in a game of cards or in sports is irreproachable. And so it is that we are gentlemen of honor when engaged in life's pastimes, but devoid of it when engaged in serious pursuits. The public has a subconscious awareness of this state of business immorality, but for some reason remains apathetic to it, and even condones it. True, a simple criminal act is condemned (and when simple it is invariably of small dimensions) but where large profits have accrued or an enormous institution erected on no matter how fraudulent a foundation we give it respect and applause. "He was clever enough to get away with it" implies only approval. Perhaps because of the size and ramification of business, the ...

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