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Tuesday, 23 June 2009

If only the left hand talked to the right

Adair Turner, who runs the hotch potch of busybodies that likes to be known as the FSA says bankers and regulators are already showing signs of forgetting the lessons of the biggest financial crisis ever in the history of the whole known universe. There has been some "aggressive” hiring of traders by investment banks, which Lord Turner says raises new fears of irresponsible pay deals.

A fish rots from the head, mate. Look at yesterday's deal promising vast riches to Stephen Hester based on book profits not bank health and then go figure. Then call UKFI. If you don't know their phone number ask your bosses at the Treasury. They also call the shots over at RBS.

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