The bankers who wouldn’t say sorry: a cautionary tale

Posted on

FT.com / Comment / Opinion - The bankers who wouldn’t say sorry: a cautionary tale.

It's not great poetry

But it's well worth reading

Just a fraction to whet the appetite:

Faced with the imminent demise
Of all world banks of any size,
And thus of global finance too,
The state bailed out this sorry crew.
But were they grateful? Not a jot,
This arrogant and greedy lot.

“It wasn’t us,” was their refrain.
The regulators are to blame.
They failed to prick our growing bubble.
They are the cause of all this trouble!
And China too, and central bankers,
Who failed to give us decent anchors.

And note: the sting is in the tail