Too big to fail, the banks are now too powerful to constrain

January 2011
New Statesman;1/17/2011, Vol. 140 Issue 5036, p5
In this article the author comments on British banks and banking. The author notes that large bonuses are due to be paid to banking executives including Stephen Hester of the Royal Bank of Scotland, an organization that received a significant government bailout at taxpayer expense. The author calls on the British government to restrict executive compensation and for greater transparency in the banking sector.


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