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Showing posts from February, 2009

Blame the shepherd, not the wolf

I can't believe the BBC are scapegoating the bankers . Looks like the UK Government is trying to pull the wool over everyone's eyes by making it seem like the fault of the greedy bankers and their excessive profiteering and bonus-awards, taking advantage of the public outrage at the bankers being awarded such large bonuses using tax-payer bail-out money. Okay, so the bankers are not going to be popular folk heroes, but the Government shouldn't be allowed to make it look like it's not actually the Government's fault. It is the Government's fault . Face it, bankers are employed by corporations to make as much profit as possible in the next reporting period (a year, a quarter, whatever). They are not incentivised to look after the long term interests of the bank that employs them, or the nation as a whole. So of course they behaved in the way that they did. Unless they did something illegal then there is nothing for them to apologise for! It's like blaming the