About this blog

  • Thinking Ethics was a project launched in Geneva to foster the debate about ethics. A few friends, fed up with only reading about abuses in the media, decided to hold a forward-looking seminar on five subjects: ethics and performance, ethics and knowledge, ethics and consciousness, ethics and disobedience and ethics in real time. If moral has to do with right and wrong, then ethics is its application in society. We believe that people need to talk about the subject to determine the level of ethics they want. The book Thinking Ethics, a result of the seminar, is to start the discussion. This blog is a contribution to the conversation.


  • Andrea Spencer-Cooke
  • Pascal Marmier
  • Kelly Richdale
  • Stephen Whittle
  • Steve Bowbrick
  • Beth Krasna

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October 13, 2010


George Scheller

morning Beth

it's me again. the erosion of ethical standards in the banking sector has a history and did not, by my opinion, start in the 2008 crisis. The crisis only exposed facts that have lingered through time. The problem lies in the fact that money is an abstract product that can be multiplied in a jiffy without having to come up with a real counterpart. We are back to "musical chairs". It's money for the taking, one only needs to know how to handle the ropes.

best regards George Scheller

Receivable Financing

I certainly agree with you George. Financial crisis was only brought up to public in 2008 but it has already been there ever since your lender started pressuring you to pay your debt in the short span of time. I think it was both parties fault; people borrowing money to enjoy leisure even if the amounts is already out of their league and lenders keep on lending money to gain more receivable from its interest but unfortunately ended to disclosure. Financing is our means for living and this is the lesson that we should keep in mind. Borrowing money is not bad as long as you only take want you need.

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