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Nothing can dent the divine right of bankers

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Nothing can dent the divine right of bankers

Post by falkor » Sat Jan 18, 2014 6:17 pm

By Philip Stephens 16th January 2014
Multimillion-dollar bonuses are still given even as multibillion-dollar fines are shrugged off
It is time to admit defeat. The bankers have got away with it. They have seen off politicians, regulators and angry citizens alike to stroll triumphant from the ruins of the great crash. Some thought the shock of 2008 might change things. We were fools. Bankers are still collecting multimillion-dollar bonuses even as they shrug off multibillion-dollar fines

Countries and companies have gone bust, political leaders have fallen like skittles, and workers everywhere have been thrown out of jobs. We are all a lot poorer than we might have been. Yet on Wall Street and in the City of London, it is business as usual

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