And that is why we need new banking regulations.
The banks have morphed from business facilitators to leveraged profiteers who seek to profit from over gearing businesses, and turn to shorting, destroying and otherwise diluting equity and acquiring assets at the first sign of difficulty.
Sorry bankers, you have had your century and proved yourselves wanting. You are not good corporate citizens.
You do not act in the interest of any national economy as evidenced by the huge mess you have made, shirk responsibility for and fruitlessly try to cover up.
Now it is time to lose your banking licences and reapply under new laws. Kick, scream and lobby all you want. Your time is up. You are the weakest link. goodbye!
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