The article is a long-winded piece of piffle that says nothing in particular. I would say it was even planted by the banks themselves. After all it easy to use soft criticisms to divert attention from the harsher ones that will receive more attention in the absence of such mild diversionary ones.
Readers don't understanding the sheer duplicitous nature of the media, even the liberal ones who appear critical towards the banks. They simply don't explain the facts that would result in the public asking for bank chiefs to be summarily executed like they occasionally do in China. It makes you wonder whether the writer is a shill, whether the editor chose the most clueless reporter to write about the issue, deliberately or otherwise. I never understood why Max Keiser repeatedly called for the bankers to be hanged until I read Griftopia by Matt Taibbi. Its such an eye opener. I can't even understand most of the instruments involved I see enough to understand why Max Keiser called for their hanging.
Turner’s viewpoint caused consternation in the City of London, the world’s largest financial market? Is the writer serious? That is the City sounding like Brer Rabbit asking not to be thrown in the briar patch.
Let us take US for instance. $1.4 trillion would have been enough to pay of the all subprime mortgages which were allegedly at the heart of the crisis. Why then will the bailout cost $15 trillion? Who then incurred the additional $14 trillion in debt taxpayers, their grandchildren and their great grandchildren are saddled with?
Turner's statement that what investment bankers do is socially worthless must be the understatement of the millennium.
Readers don't understanding the sheer duplicitous nature of the media, even the liberal ones who appear critical towards the banks. They simply don't explain the facts that would result in the public asking for bank chiefs to be summarily executed like they occasionally do in China. It makes you wonder whether the writer is a shill, whether the editor chose the most clueless reporter to write about the issue, deliberately or otherwise. I never understood why Max Keiser repeatedly called for the bankers to be hanged until I read Griftopia by Matt Taibbi. Its such an eye opener. I can't even understand most of the instruments involved I see enough to understand why Max Keiser called for their hanging.
Turner’s viewpoint caused consternation in the City of London, the world’s largest financial market? Is the writer serious? That is the City sounding like Brer Rabbit asking not to be thrown in the briar patch.
Let us take US for instance. $1.4 trillion would have been enough to pay of the all subprime mortgages which were allegedly at the heart of the crisis. Why then will the bailout cost $15 trillion? Who then incurred the additional $14 trillion in debt taxpayers, their grandchildren and their great grandchildren are saddled with?
Turner's statement that what investment bankers do is socially worthless must be the understatement of the millennium.