Greed was what motivated Gordon Gecko. "Greed is good!", he proclaimed. So did the others, like Ken Lay, Boeski, unscrupulous money and hedge fund traders.
Greed drove the hedge fund traders to buy into crude oil, which they don't use to refine and derive products like petrol, diesel, bitumen, tar and chemicals for the plastic industry. Instead, they keep it to sell at a higher price, that when demand slackens, they end up with a lot of crude oil that needs to be disposed of.
Greed drove those banks to offer security loans for bad debts of risky defaulted home loans in the current sub-prime crisis.
Greed drove the developers of houses on dangerous gradients to keep on building houses that were swept down in landslides. Ditto, the local authorities who approved those projects, knowing full well they get immunity from whatever indemnities and liabilities incurred should God act and give those meeks a landslide that they cannot claim insurance of.
If greed is so good, how come it is one of the seven deadly sins? If greed is good, how come so many bad things come out of it?
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