Lord Turner has Right Idea for Banks ; Voice of the North

Summary

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AT last someone in authority has questioned the social value of banks. Most people welcomed Adair Turner's critique of banks whose sole function is self-enrichment.

Obviously, many bankers and the heads of professional associations have squealed like pigs caught in gin traps at the thought of a tax on self-interested speculation. The general public are not scared or perturbed by this crying out - or threats that these precious kleptocrats will all move overseas - as we have had to bear the brunt of their greed and incompetence, and will have to continue doing so for decades.

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Lord Turner has Right Idea for Banks ; Voice of the North

The problem is that ...

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