Forum Post: If Men Were All Angels, Government Would Not Be Necessary - James Madison

The effective counter to greed on Wall Street is the imposition of fiduciary duties on all those who provide financial and investment advice to our fellow Americans. Wall Street firms are actively fighting against this ... for they know it means tens of billions of dollars of lost profits to them every year (which will instead flow into the pockets of individual investors). Greed is capitalism run amuck; an effective constraint on greed is what Wall Street has spent tens of millions lobbying against recently - the imposition of a fiduciary standard of conduct on anyone who provides investment or financial advice.