Andrew Ross Sorkin Quotes
Under the Foreign Corrupt Practices Act, a company is not allowed to provide a personal benefit to a decision maker in return for business. But hiring the sons and daughters of powerful executives and politicians is hardly just the province of banks doing business in China: it has been a time-tested practice here in the United States.
Sorkin, Andrew Ross. "On Wall Street, a History of Cronyism." The New York Times, The New York Times Company, 19 Aug. 2013.
Bryan had reached the point where he advocated public financing of campaigns.
The United States had just ousted the popularly elected leader Patrice Lumumba {640611}, and backed Mobuto. Lumumba was an idealist who was not corrupt at all, but were not so sure about our new protégé. Sadly he turned out to be one of the worst kleptocrats of all time, and he stole with more United States money than we gave to many nations in toto. Many believe that one of the reasons, corruption of our “allied” leaders was so bad lies in the wording of this cable. Note that to the State Department writers there was “normal” corruption as opposed to excessive corruption. Once that view is taken there is a constant battle to determine whether each new act of corruption is “normal “ or not, and corruption is simply lessened by pushing back against the most abnormal schemes. These critics advocate a zero tolerance for corruption especially with United States AID money. The State Department has been ambivalent and have often used the corruption system to bribe leaders to obtain national objectives.
Andrew Ross Sorkin is an American journalist and author. He is a financial columnist for The New York Times and a co-anchor of CNBC's Squawk Box. He is also the founder and editor of DealBook, a financial news service published by The New York Times. He wrote the bestselling book Too Big to Fail and co-produced a movie adaptation of the book for HBO Films. He is also the co-creator for the Showtime series Billions.
