Quote:
Originally Posted by McCrankpin
Capitalism relies entirely on the integrity of captains of the financial industries, in the same way as civil construction relies of the integrity of engineers.
It seems to me that captains of financial industry have very little or no respect for capitalism, (consumed by greed?), and capitalism is doomed until that changes. If ever.
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It used to be said that only Doctors and civil engineers bury their mistakes, and the engineers can bury them deeper.
So, tonight the 3rd and final episode will provide a review of mis-selling by the banks over the last 30 years, or thereabouts.
Yep, I'm up for this, having also been involved, as a consumer, in the endowment mortgage thing years ago.
In the meantime, this guy takes his pension and runs, putting in a good word for his co-workers as he departs.
Call to stop demonising bankers - MSN Money UK
How many times in how many occupations have we heard "that it is all the fault of the system".
Incidentally, during the interview contained in the link above, the outgoing bank of England boss did point out what some economists have said; the current UK govn scheme to encourage a boost in housing mortgages has the potential to bring on yet another bubble in housing defaults which, in this case, will be funded by the usual source - the taxpayers. All this in preparation for an election that is only 2 years away.
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Dave
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