ABSTRACT
Private morality is very often healthy, working and wise; public morality has hit the pits. The model of Wall Street does not fit the country, but then we realize that the question is one of private morality versus public morality. Therein lies the core of the problem in this entire saga of Wall Street: the divorce of personal responsibility from one’s actions, the absence of accountability written into the soul of the man or into the spirit of the system and, finally, the almost total lack of any police walking the carnival. It’s not going to be easy to develop a new public morality, but we do know one thing, unless we are among those caught up in the magic markets and frenetic passion for deregulation that has consumed this administration.
