Rich People 'More Likely To Lie, Cheat And Break The Law'

People from privileged, wealthy backgrounds are more likely to be dishonest and unethical than their poorer counterparts, a study has found.

From depriving children of sweets and reckless driving to lying for financial gain, the researchers at the University of California found that upper-class participants were more prone to immoral behaviour.

Subjects were divided into groups according to their social backgrounds and asked to carry out a series of tasks to test their scruples. The tests focused on traits such as honesty and consideration for others.

It was found that the wealthier the participant, the more likely they were to break the law, make unethical decisions and take valued goods from others.

Double Standard on Leaking Secret Government Information

Late last month, in his drive to hold Attorney General Eric Holder in contempt over Operation Fast and Furious, Rep. Darrell Issa (R-CA) inserted material from a sealed wiretap warrant application into the Congressional Record.  Information contained in such applications cannot be released absent a court’s permission, and those who violate the law can be held in contempt.  But by placing the information in the Congressional Record – rather than directly releasing it to journalists – Rep. Issa shielded his otherwise illegal conduct behind the Constitution’s Speech or Debate Clause.

After my organization, Citizens for Responsibility and Ethics in Washington, filed complaints with the Justice Department and Office of Congressional Ethics, Rep. Issa’s office offered a sadly predictable response. Rather than address the evidence that he violated federal law and House ethics rules, his spokesperson attacked CREW’s credibility, accusing CREW of being complicit in what he termed a government cover-up.

http://www.newscientist.com/article/mg21528735.700-artificial-intelligence-to-sniff-out-bankers-scams.html

LAST week, another UK banking executive was made to squirm in front of the TV cameras as he was grilled by angry parliamentarians over alleged corruption in his organisation.

Barclays bank was fined $450 million by UK and US authorities for its part in an inter-bank interest-rate fixing operation. Now the bank's former chief executive Bob Diamond has told a UK Treasury committee that rogue employees operating far outside the bank's trading and dealing rules were to blame.

"When I read the emails from those traders I got physically ill," Diamond said of the missives that proved Barclays staff had rigged the rates.

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