John Mann to banker: “Either you were complicit, grossly negligent or incompetent.”
by pinkagendist
That was the best line during the grilling Bob Diamond received from MPs yesterday. There’s no getting around one of those options and yet Mr. Diamond has been paid £100,000,000 in the past six years between salary and bonus’ whilst all of this was going on.
There’s an excellent article on what’s still to come in The Wall Street Journal:
I was really shocked when the story broke. As always it’s the ordinary citizens that pay. On the other hand, I’ve learned a lot about banking regulations over the past week..