Posted by BH
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The Oval: Trust – a Two-Way Street
They say America has a trust deficit. That we don’t trust our institutions any more. We don’t trust Congress. Or the White House. Or the Supreme Court. Everyone’s cutting deals! Everyone’s looking out for themselves! Liberals and conservatives agree – you can’t trust the media. The stories are slanted to fit an agenda… or just flat-out wrong! And you sure can’t trust the banks! If you’re late on your loan, they might foreclose on you. If you invest with them, they might sell you junk wrapped in a pretty wrapper. And we just learned this week, that they’ve been lying. Lying about the interest rate they charge each other. All so they would look better to regulators. And so they wouldn’t have to pay savers and investors as much.
We profess to be shocked. Shocked! How could banks lie? How could the media get it wrong? How could politicians be so inept?
I wonder. I wonder what the trust deficit means. Does it mean that America’s great institutions. Its leaders and functionaries. Have their work cut out for them? And that all they have to do is start telling the truth? Start being honest? Start being accountable? I am not so sure.
It’s not just because I don’t think they CAN be honest. It’s because I don’t think we should EXPECT them to be honest.Because frankly, that’s not how America was designed. The Founding Fathers were suspicious of big institutions: The Church of England, the big trading companies of London, the King.
Exploiters. Taxers. It was their way – or banishment.
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