Fat cats have a lot to answer for

Sowman, Colin
February 2009
PMJ: Plant Managers Journal;Feb2009, Vol. 36 Issue 2, p3
Trade Publication
The author criticizes the banks and bankers that caused the financial crisis in Great Britain. He says that while good businesses go bust and honest workers look for work, the banks and bankers that caused the problem get one bail-out after another, and those who failed to regulate the institutions continue to draw very substantial salaries. Presiding over this, he says, was a deaf government, blind governors of the Bank of England and a toothless Financial Services Authority (FSA), which failed to reign-in the banks or the City.


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