Financial Times reports from Davos Switzerland:
Stop bashing the bankers, Davos meeting told
Governments around the world must stop banker-bashing and create the right environment for lenders to support economic growth, some of the world’s most powerful bankers will tell finance ministers on Saturday.
Bankers say the meeting will be an effort to replicate internationally the attempt by UK banks to persuade the government to make peace. “We need to stop authorities around the world throwing sticks and stones at us. We should be past that now,” said one.
Aww, the poor little bankers’ feelings are hurt. Apparently bonuses in the tens and hundreds of millions of dollars are not enough to grow thick skin. But I’ll agree on one condition. I’ll stop criticizing and “bashing” big banks and their plutocratic managers when they stop behaving badly.