Was this economic crisis caused by the lack of integrity?

img_0987In the accompanying post, we discuss the global distress resulting from the dramatic nosedive of world economies.  The general belief is that this situation was brought about by greed and corruption in financial firms, while our government loosened regulations and oversight. Most of you will agree that the lack of integrity (excerpt from lecture in September 2007 (3:09): Make Integrity a Habit) is a major cause for this mess. But but is there more?

Has there been a lack of all five positive core values (integrity, commitment, persistence, teamwork and communication) in the actions of corporate executives and government?

Can you discuss this, citing examples?

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