Ethics in Action NYC Series: Ethics and Wall Street
    Thursday 09 February 2017, 06:30pm - 08:00pm


    About the Event

    Almost a decade ago, the world plunged into the greatest economic crisis since the Great Depression—a crisis from which we are still recovering. This crisis was driven largely by a culture of greed, excess, and reckless risk-taking in the financial sector. In the aftermath of that crisis, the Obama administration opted to bail out Wall Street rather than Main Street, prioritizing the balance sheets of banks over homeowners. At the same time, hardly anyone in the sector was held accountable, and its culture did not change. According to a recent survey of 1,200 financial professionals, 20 percent felt it was sometimes necessary for people to engage in illegal or unethical behavior to succeed.

    This is a core issue where ethics bumps hard into economic reality, as unethical action can have deep and lasting consequences for individuals and society. It also raises vital questions about the kinds of values that should underpin our economy.

    At this event, Professor Jeffrey Sachs will moderate a robust discussion on the role of the financial sector in furthering the common good of society. It will address what Wall Street does right, what it does wrong, what reforms are needed, and what role ethical deliberation should play in guiding financial market participants.

    Our distinguished panel includes:

    jeffreyJeffrey Sachs,
    Director, SDSN, and Director, Center for Sustainable Development, Columbia University


    judgeJudge Jed Rakoff,
    US District Judge for the Southern District of New York, Adjunct Professor of Law at Columbia Law School


    sheelahSheelah Kolhatkar,
    Staff Writer at The New Yorker and author of Black Edge

    ariAri Melber,
    MSNBC Chief Legal Correspondent

    bobiBob Ivry,
    Staff reporter for Bloomberg News and author of The Seven Sins of Wall Street




    Signed copies of books by Ms. Kolhatkar and Mr. Ivry will be available for purchase after the event. Professor Sachs will also be signing copies of his new book, Building the New American Economy (foreword by Bernie Sanders).

    This event is free. Following the discussion, you will have a chance to ask questions of the panelists. For those listening in through the live twitter channel, please send your questions via #EIA_NYC.

    Also live online @UNSDSN

    Location New York Society for Ethical Culture 2 West 64th St. at Central Park West New York, NY 10023
    © 2020 Charter for Compassion. All rights reserved.