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Sunday, March 22, 2009

Seize their Porches and Throw Them in Jail! Shameless Bankers are Worse Than Train Robbers

The best suggestion of the past week about how to punish Sir Fred Goodwin is that he should be obliged to report personally at an RBS branch to collect his pension cheques. If customers do not lynch him, staff will.
But too much attention has focused on Goodwin.
Of course, he is contemptible. But he is only one among thousands of monstrously over-rewarded merchants of failure.
At least the former RBS chief executive is no longer at his desk. Almost all the others still occupy fat, padded chairs in City institutions.

The time has come to address the entire robber banker culture.

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