Tuesday, August 2, 2011

Sympathy for the Devil.

Bankers: how far can they fall?

Back in 2009, Lord Turner, the former Financial Services Authority chairman, controversially deemed some banking activities “socially useless”. He also claimed the City had grown “beyond a reasonable size”, accounting for too great a share of Britain’s output and attracting too many of our brightest graduates. “If you want to stop excessive pay in a swollen financial sector you have to reduce the size of that sector or apply special taxes to its pre-remuneration profit,” he said at the time.

Posted by sibley's b'stard child @ 10:28 AM (1120 views)
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2 thoughts on “Sympathy for the Devil.

  • Thecountofnowhere says:

    It depends on how long you make the rope.

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  • Sympathy for the Devil – a fine Rolling Stones number and whilst there are currently 132 comments under the Telegraph article with absolutely no sympathy for those losing their jobs it doesnt extend much beyond that ie Mervyn KIng remains publicly surprised that they havent faced a much bigger backlash.

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