The cheerleaders and architects of harsh drug laws — from Rush Limbaugh, who promised to take random drugs tests after admitting his addiction to pain pills, to the former drug czar Bill Bennett, who had a multimillion-dollar gambling habit — have been exposed as moral frauds.
The others have all been a haphazard collection of predatory salesmen, known moral frauds, Mormons, a libertarian, and a woman.
One solution is to write legislation with a moral-fraud threshold.
On the other hand, crimes of moral turpitude like fraud or rustling have never been so easily forgiven.
The legislation, H.R. 2428, would direct the companies to insert into their by-laws a provision requiring any employee accused of "fraud, moral turpitude or breach of fiduciary duty" to "post collateral, security, bonding, or other assurances of repayment" in order to have the legal fees advanced.
The industry is notoriously rife with moral hazard and fraud.
Insider rating, captured politicians, regulatory "restraint," director kickbacks, off-balance sheet accounting, non-disclosure, fraud, moral hazard, thieving CEOs, Ponzi schemes … you name it, we've got it.
From a moral point of view, fraud is wrong because the harm to the victim is due to his being intentionally deceived, making the transaction inherently unfair.
The absence of black women from the National Baptist Convention, USA, Inc.'s national celebration of racial reconciliation with the heirs of the Southern Baptist Convention's slaveholding history is evidence of the Black Church's moral failure and ecclesial fraud as it relates to gender equity.
