But the oath-taking MBAs' pledges to avoid corruption, to represent the performance and risks of their firm accurately, to educate themselves continuously and to allow their peers to hold them to account are all meaningful and can be monitored, says Mr Khurana.

ECONOMIST: A Hippocratic oath for managers

Criminal defense attorney Ed Genson confirmed that he will represent Blagojevich against corruption charges.

CNN: Lawyer: I don't think Illinois governor will resign

It's a gigantic man with a club or sword, meant to represent virtue, stepping on two sirens, representing vice and corruption.

WSJ: New Outrage Over Infamous Statue

During this period of uncertainty, FinCEN is reminding U.S. financial institutions of their requirement to apply enhanced scrutiny for private banking accounts held by or on behalf of senior foreign political figures, and to monitor transactions that could potentially represent misappropriated or diverted state assets, proceeds of bribery or other illegal payments, or other public corruption proceeds.

WHITEHOUSE: Press Briefing