Justin Cartwright: If banks have values, they are greed, hubris and sheer brass neck
Bob Diamond, the CEO of Barclays, said not so long ago: "There was a period of remorse and apology for banks, and I think that period needs to be over." It was a strange pronouncement, both self-serving and ungrammatical, and its message was "business as usual".
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by
Kay
(new)
Jul 04, 2012 07:58AM
Just watched the Frontline special on the European debt crisis last night. It validates everything Justin wrote in "Other People's Money." US bankers are as much to blame for Greece's problems as the Greeks themselves. The Volcker Rule may be our only hope to restore sanity to Wall Street.
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