ETHICS CASE Questionable Values Produce Resignation at Goldman Sachs Allegations of serious impropriety and perhaps illegality surrounding Goldman Sachs’s contribution to the 2008 financial crisis have been well publicized. Allegations….
Former President Suharto of Indonesian once famously dismissed the concern over his country’s corruption by saying:
Former President Suharto of Indonesian once famously dismissed the concern
over his country’s corruption by saying:
Well you come out here from Washington with these high ideas to tell us about corruption.
But what you call corruption, I call family values.
What do you think he meant by this? Why would taking family values this far be a
detrimental social norm? (One way that Indonesian’s family values were
manifested is depicted in event (q) from Question 4 above. This practice weakened the banking sector so severely that it collapsed into a financial crisis as soon
as growth in Indonesian began to slow and borrowers of actual loans started to
default on their debt repayments for purely economic reasons.)