Transparency International, the global coalition against corruption, and one of the largest anti-corruption agencies in the world, “has chosen a clear and focused definition of the term: Corruption is operationally defined as the misuse of entrusted power for private gain.”
By this definition it could be argued that the leader of major financial institutions in the US are guilty of causing the greatest economic crisis since the Great Depression. At this time the US is considering a $700bn bail out, effectively rewarding those whose greed helped create the problem in the first place.
By taking such unprecedented action they will be using taxpayers money to condone corruption. The repercussions will be enormous for years to come. If the bailout goes ahead the US government will never be able to legitimately criticize the corrupt actions of other governments and regimes?
These comments are my own opinions. I would love to hear yours!
