Remorse from banks ? My arse !

The head of Citicorp bank says that banks feel "remorse" for the crisis they have helped create. What a load of old bollocks.

Any idiot could have seen that a bank with £1bn in reserves being able to loan out 30 times this amount and calling itself an "investment bank" was playing fast and loose with the financial system. Why banks are sorry is that their bonuses have been cut.

1 comment:

Anonymous said...

I quite like the Chinese method of dealing with those that commit large scale fraud. They would invoice the bank for the cost of the bullet.