“We have prostituted our standards of securities underwriting and sales of securities to investors. When the Street starts justifying stuffing customers and saying, ‘It’s O.K., caveat emptor,’ that requires a public policy response. We need to say to the Street, ‘In all the things you do, especially if it is sold to a pension fund, you have a duty of care to every party in the transaction.’”

Christopher Whalen, Editor of Institutional Risk Analyst New York Times article "Resetting the Moral Compass" January 23, 2010

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