{"id":1193,"date":"2010-03-15T10:29:22","date_gmt":"2010-03-15T10:29:22","guid":{"rendered":"http:\/\/astraea.net\/blog\/?p=1193"},"modified":"2010-03-15T10:33:22","modified_gmt":"2010-03-15T10:33:22","slug":"the-kings-new-clothes-market-abuse-by-fiduciaries-unacceptably-high","status":"publish","type":"post","link":"https:\/\/www.astraea.net\/blog\/the-kings-new-clothes-market-abuse-by-fiduciaries-unacceptably-high\/","title":{"rendered":"The King&#8217;s New Clothes &#8211; Market abuse by fiduciaries unacceptably high."},"content":{"rendered":"<p>It&#8217;s still the same <a href=\"http:\/\/astraea.net\/blog\/?p=1182\">old story<\/a>.\u00a0 Despite economic recession, trillions of your euros, dollars, clams being spent to prop up the financial system, the prevalence of abuse by fiduciaries has not declined.\u00a0 Bankers, stockbrokers, insurance companies, the whole lot of them (except, of course, the few with integrity, like you &#8211; ha ha) continue to nurture a system of inequity.<\/p>\n<p>It is the system which is corrupt as long as the few good people allow themselves to play the game the same way as the majority of careless abusers.\u00a0 Until we overcome the natural, primitive urges of greed and fear, the system will not operate with transparency and equity.<\/p>\n<p>Another meltdown in the offing?\u00a0 It&#8217;s happened before.<\/p>\n<p>BBC: <a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/8566904.stm\">UK market abuse &#8216;unacceptably high&#8217;, says FSA boss<\/a><\/p>\n<p>BBC: <a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/8563604.stm\">Lehman Brothers&#8217; former heads criticised for lapses<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s still the same old story.\u00a0 Despite economic recession, trillions of your euros, dollars, clams being spent to prop up the financial system, the prevalence of abuse by fiduciaries has not declined.\u00a0 Bankers, stockbrokers, insurance companies, the whole lot of them (except, of course, the few with integrity, like you &#8211; ha ha) continue to &hellip;<br \/><a href=\"https:\/\/www.astraea.net\/blog\/the-kings-new-clothes-market-abuse-by-fiduciaries-unacceptably-high\/\" class=\"more-link pen_button pen_element_default pen_icon_arrow_double\">Continue reading <span class=\"screen-reader-text\">The King&#8217;s New Clothes &#8211; Market abuse by fiduciaries unacceptably high.<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5,14],"tags":[],"class_list":["post-1193","post","type-post","status-publish","format-standard","hentry","category-worldofmoney","category-risk-and-terror"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4hwcd-jf","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/1193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/comments?post=1193"}],"version-history":[{"count":3,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/1193\/revisions"}],"predecessor-version":[{"id":1196,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/1193\/revisions\/1196"}],"wp:attachment":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/media?parent=1193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/categories?post=1193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/tags?post=1193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}