Ethical Concerns of Wall Street (PBS Video)
The last few weeks I’ve spent a lot of time over the last few weeks learning about Wall Street and Investment Banking. I’m in the midst of an ethnography book on Wall Street (which I’ll review whenever I finish) and have an ethics class that has had a few discussions turned to capital investment. What’s interesting about these kinds of banks is the incredible amount of capital that runs through them, in some form or another, and their impact on society juxtaposed with their inclusive nature.
Joe Sixpack has no idea what these people are doing. I don’t think it’s secretive, but it’s an industry that very few people ever really get a handle on and that’s somewhat mind boggling when you consider their impact.
Kind of out of no where, I remembered a social studies class in my young years (I can’t recall if it was high school or undergrad) that had a detail of a fictional corporation being the target of a hostile takeover. Thanks to the wonder of the interwebs, you can watch it online for free, just click on the VoD button next to episode five.
It was a PBS special and had other episodes oriented around many ethical dilemmas. I haven’t watched the others but can say this particular piece was very well done and harbors very prominent public figures such as Warren Buffet and Rudy Giuliani with his toupe! Great comedy, but also great discourse between raiders who actually did this in the 80’s heyday as well as those opposed to such practices. Nothing is tied up with a bow, but it really is interesting stuff and if you have some free time, it’s well worth the hour to watch.

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