Tag Archives: EU Bank Reforms Reveal Hypocrisy

EU Bank Reforms Reveal Hypocrisy, Even From Left-Wing European Govts – 31 January 2014

RT logoBy Patrick L. Young

Bankers have never been less popular and it’s difficult to justify rating them above ‘junk’ status.

There are many merits to finance and financial markets – indeed new products such as Social Impact Bonds can hugely help cash-strapped governments provide better social services but bankers per se have failed to demonstrate a useful niche in society.

The political classes are keen to deprecate bankers, although their resolve for reparation has been found wanting given how few bankers have actually been prosecuted for their outrageous behavior during the last boom.

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