The FT has reported:
Banks have failed to live up to the spirit of new accounting rules designed to make them disclose more about risk management practices.
In spite of the extra reporting demands placed on financial institutions as a result of the credit crunch, the biggest have largely stuck to the minimum requirements of the rules, frustrating the rulemakers’ aim of providing greater transparency, according to a study of banks’ year-end accounts by PwC, the accounting firm.
Sometime very soon bankers are going to have learn they do not rule the world.
It may be tough and rough when they realise, but society has to win: these people are the enemies of society as we know it, largely because they simply don’t think they’re a part of it.
4 Comments
Richard,
…they simply don’t think they’re a part of it.
Is that what the Left is all about these days, forcing individuals to be part of (what you call) “society”? Even if the Left is correct, what gives the collective “them” the right to force any individual into a “society” they freely choose not to be part of?
Georges
Respectfully, you cannot opt out of society.
If you sincerely believe that possible, and I’ll presume you do, it suggests your comments aren’t worth noting.
I’ll save you the bother. I won’t be posting further comments from you.
Richard
Margaret summed it up quite well, although she was quoted out of context. The more you have to “force” the nearer you get to communism. Society works best when there is no need to “force”. I suspect that what the FT has identified is that it is difficult to make rules to enforce principles - something that the EC is not learning, to its cost
Margaret??
If I assume you mean Thatcher?
Do you expect me to take that seriously?
Richard
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