fiduciary duties

Marco Rubio Trips an Ethics Alarm

/ Jack Marshall / 9 Comments

Florida Republicans have a wonderful opportunity to demonstrate the proper response to a bracing ethics alarm. They can vote against Marco Rubio, the Tea Party-backed opponent of Governor Charley Crist in the Republican primary for the U.S. Senate.

Whatever Rubio’s virtues, ideological or otherwise, he set off the alarm with this: according to a carefully researched story in the Miami Herald, Rubio used his party credit card—his business credit card, issued to him by the GOP to use for party-related expenses only—to pay for things like: Continue reading →

The Ethics of Voluntary Mortgage Default

/ Jack Marshall / 17 Comments

Friend and reader Loren Platzman alerted me to the article, “Walk Away From Your Mortgage!” in the Sunday Times Magazine ( the magazine was, in fact, sitting unopened by my desk at the time. Some days, I just know that reading Randy Cohen’s “The Ethicist” column is going to ruin my weekend.) The thrust of the article, an installment in the “The Way We Live Now” series, is that American cultural tradition has reinforced the belief that there is something unethical and shameful about voluntarily letting the bank foreclose on a property when falling property values have placed the mortgage “under water,” meaning that the home is worth less than the amount still owed on it. Continue reading →

“The Good Wife” and Bad Ethics

/ Jack Marshall / 1 Comment

Julianna Margulies’ latest attempt to find another hit series after “ER” is a lawyer drama, “The Good Wife.” It tells of the travails and trials of a former litigator who returns to law firm practice after her prosecutor husband, played by “Mr. Big” Chris Noth, is sent to the slammer in a scandal that also involved marital infidelity. As lawyer dramas go, “The Good Wife” is fairly good about not distorting the legal ethics rules. It still slips up, however, as this week’s episode showed. Continue reading →