Just when you thought it couldn't get worse!
"
Dishonest bankers threaten new financial crisis says Bank of England Governor Mark Carney
‘The incidence of financial sector misconduct has risen to a level that has the potential to create systemic risks by undermining trust in both financial institutions and markets,’ Mr Carney has told the G20
Corrupt bankers represent a threat not only to those they directly rip off but also potentially the entire global financial system, the Governor of the Bank of England has warned.
And the view from "Cloud Cuckoo Land?"
The message conflicts with the view of the new CBI head, Carolyn Fairbairn, who this week
said it was time for banks to be removed from “the naughty step” by regulators in the wake of the Brexit vote and that “this is a time for real confidence in what we’re good at”.
In other words don't worry about Brexit, we will Swindle enough to make it work?
Thank heavens for those reassuring words. The Bankers are, as she points out very good at what they do, though party poopers might nit pick about most of those things actually being antisocial, illegal and dangerous.
(and occasionally go catastrophically wrong!)
Welcome to the Financial version of the "Anthropocene Age"
Where not only are humans destroying the environment of the planet, but human society in the cause of greed.(but that's just icing on the cake)
The Ghastly reality is that these financial modern day pirates are all that we have in the way of means to keep our country even marginally viable.
Deregulating the Banks would be as good a decision as Lincoln's to go to the Opera.
May the Force be with us or should that be the "Farce"?