"We do it because everybody else in the industry does it." It's an all-too-common refrain these days. Wall Street power brokers used the phrase to justify their mad rush to sell toxic mortgages: "We wanted to say no, but Goldman Sachs was doing it. And Lehman. And Merill Lynch." And now the CEOs of insurance companies have joined the chorus to justify the heartless decisions they make to deny people in dire straights health-care coverage.
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Tue, 10/13/09 AT 10:11AM