Wednesday, May 06, 2009
I see Guido has consigned my vocation to the dustbin of history. But I take some comfort from the Center for Public Integrity, a journalists' organisation that does stuff no blogger will ever do. Notably, today, they are responsible for this story. The top 25 subprime lenders, backed or owned by the big banks, spent $370 million over the past decade lobbying against attempts to regulate their industry. We have been in danger, lately, of easing off on our banker loathing. Indeed, if, as now seems possible, the recession has bottomed out, there is a real danger that we shall just let them go back to business as usual. So it's as well to be reminded of the fact that they were - are? - a bunch of incompetent shysters.
Posted by Bryan Appleyard at 6:06 am