Saturday, Nov 07, 2009

Stupid suited men

FT: Bank landscape is still tainted by greed and hubris

Some choice quotes from this article:
"With hindsight, it is clear that hubris and stupidity by senior British bankers played an important role in the current crisis."
"A bigger issue is that banker greed and hubris will stunt UK growth for a generation. Bankers destroyed millions of retirement nest-eggs and will cause taxes to rise as well. These are high prices for the population to pay."
"The sense of entitlement communicated by the Lloyds action defines the problem that the UK public still faces."

Posted by letthemfall @ 02:14 PM (1412 views)
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1. mark wadsworth said...

So why do we keep on bailing them out? To prop up house prices, that's why. It's like "Blue Suede Shoes" - politicians can do anything that they wanna do, but uh-uh honey, lay off of my house price bubble ...

Saturday, November 7, 2009 06:05PM Report Comment

2. mander said...

Unfortunately, adding a modern Glass-Steagall to the regulatory mix will never happen. Regulators are worried about assets price correction which they in a misleading way call depression.

Saturday, November 7, 2009 07:24PM Report Comment

3. crunchy said...

The housing minister, Margaret Beckett, said: "We are constantly looking at what more we can do to keep housing supply going in the current climate.

"That is why we are bringing forward spending and buying unsold homes, to deliver thousands more affordable homes sooner and help protect jobs in the construction industry. We have put in place the most comprehensive package ever to help families at risk of repossession."

Saturday, November 7, 2009 07:25PM Report Comment

4. crunchy said...

Social housing, Social housing, Social housing, Social housing, altogether lads!...........................................................

Saturday, November 7, 2009 07:56PM Report Comment

5. crunchy said...

My social house is considerably larger than yours.

Criminally larger!

Charts, oow neads em.

Saturday, November 7, 2009 08:29PM Report Comment

6. crunchy said...

Some weekend conspiraloon fun.

Saturday, November 7, 2009 08:53PM Report Comment

7. crunchy said...

Last one, could not find "Blue Suede Shoes" but here's some Sammy Davis JR.

Saturday, November 7, 2009 09:36PM Report Comment

8. This comment has been removed as it was found to be in breach of our Blog Policies.


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