Mitch Albom has a great column about lies over on The Detroit Free Press.
There is news every day of how banks that received money from the Troubled Assets Relief Program are failing to lend it, or never should have gotten it in the first place. We were told that without it, the banks would fail and credit would never loosen. But with it, credit has not loosened, and some banks have used the money to simply enrich themselves and purchase more assets.
A business lie.
Now, I'm not saying we never get upset at such things. But we get much angrier over a football coach not getting fired or a New York governor hiring a prostitute. We will argue that stuff on the airwaves, over watercoolers. We'll scream until we're blue.
But celebrity lies or sports lies don't affect our lives. Business lies do. They affect many aspects of it. And yet we seem to shrug and sigh, "Ah, what are you gonna do?"
Loan Me A Dime
4 days ago