Tag Archives: banking

Against free markets

The term that is. There seem to be few usages that are a greater barrier to clear thought and debate than free markets. Whether used as a term of sneering abuse to create straw-person arguments or as a slogan of the right and proper, it is ready-made to close minds and abstract away from the issues […]

Fixed Rates

The Governor of the Bank of England has launched a scathing attack on “deceitful” investment banking and called for a “real change in the culture of the industry” stretching right to the top, in the wake of the Barclays rate-fixing scandal. Sir Mervyn King, who refused to back Barclays chief executive Bob Diamond, added that […]

Goldman Sachs – The “Muppet” Show

A manager at US banking giant Goldman Sachs in London has quit, saying he could no longer work there “in good conscience”. Greg Smith, who headed Goldman’s equity derivatives business in Europe, said it was common to hear talk of ripping off their “muppet” clients. “The environment now is as toxic and destructive as I […]

‘Throw the Jew down the Well’

You know, sometimes that awful joke in Borat was true. Which means, ahem, that it isn’t funny any more. The remains of 17 bodies found at the bottom of a medieval well in England could have been victims of persecution, new evidence has suggested. The most likely explanation is that those down the well were […]