Bankers and Processors Are Not Moral Police

Samuel Gregg makes some great points in American Banker, “Bankers and Processors Are Not Moral Police.”

  1. how free do we allow transactions between businesses and customers to be;
  2. how do we hold people accountable for their free choices;
  3. how far we should go to protect people from self-destructive behaviors;
  4. what is the financial sector’s broader responsibility for the common good of a given society; and
  5. how far can regulators go in making financial institutions fulfill those responsibilities (whatever they happen to be)?

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