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
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here: