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eric pebble

The Bankers' Excesses Are The Real Expense Scandalthe Bankers' Excesses Are The Real Expense Scandal

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The bankers' excesses are the real expense scandal

Reining in the City is more important than the fuss over MPs' expenses - as Mervyn King has made clear.

A fundamental question we have to ask, though, is whether we want a City that may pay lots of tax in the good times but lays the whole economy to waste when it goes bust.

No is the answer, and reining in the City is both possible and worth the effort. The idea that global finance is too global to control is simply wrong.

Read here: http://www.guardian.co.uk/business/2009/ju...s-king-treasury

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