The Fiduciary Trust

The Publius Forum ^ | April 28, 2009 | Dan Scott

[dscott8186]

Everyone who is responsible for financial transactions and decisions that effect the wellbeing of others understands the term, fiduciary. There is a code of ethics and duty which governs that relationship. I will quote the on line Business Dictionary to help you understand this idea of fiduciary so you may see how essential it is in the conduct of business affairs: (bold is mine)

Special relationship of trust and confidence which, in the words justice Benjamin Nathan Cardozo (1870-1938; US Supreme court judge from 1932 to 1938) is “something more than the ordinary honor of the marketplace … the very punctilio of honesty and forthrightness.” Fiduciary relationships exist between an agent and principal, testator and trustee, testator and executor, ward and guardian, customer and bank, client and attorney, patient and doctor, partner and partner, stockholders (shareholders) and directors, etc. In these relationships law demands a higher than ordinary degree of care and responsibility from the dominant or trusted party.

[dscott8186]

When the government commits fraud, it's apparently legal. Never mind being above the Law when you are the Law and it's whatever you want it to be.

[CPOSharky]

Fiduciary relationships exist between an agent and principal, testator and trustee, testator and executor, ward and guardian, customer and bank, client and attorney, patient and doctor, partner and partner, stockholders (shareholders) and directors...

But not between politicians and taxpayers.