Bankers detached from the real world are 'socially useless'

cenydd
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Bankers detached from the real world are 'socially useless' Aug 8, 2013 11:18:56 GMT

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Post by cenydd on Aug 8, 2013 11:18:56 GMT

New Bank of England boss Mark Carney today slammed self-obsessed bankers detached from reality have become ‘socially useless’ and must change their ways.

The Canadian former investment banker demanded a change in a City culture which has become disconnected from the businesses and workers who should benefit from a properly functioning economy.

And he vowed to ‘snuff out’ irresponsible behaviour, including mis-selling products to customers which they do not need just to make profit.

www.dailymail.co.uk/news/article-2386718/Mark-Carney--Bankers-detached-real-world-socially-useless.html

Seems like the new Bank of England boss doesn't feel like bankers have yet got their house in order. It's good that he's focussing on their little 'bubble', though, and trying to get them to see that there is a real world beyond their numbers.

A liberal’s disagreement with a socialist or social democrat comes down to this: we both seek equality, but the only equality a liberal thinks is worth striving for is an equality of freedom. A liberal’s disagreement with conservatives comes down to this: we both seek freedom, but a liberal believes no one can achieve it alone. There is such a thing as society, and government’s purpose is to shape a society in which individual freedom can flourish. (Michael Ignatieff)

diuretic Scribe Posts: 49 Politics: Centre Left	Bankers detached from the real world are 'socially useless' Aug 10, 2013 5:53:27 GMT Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by diuretic on Aug 10, 2013 5:53:27 GMT Good luck with that. If he upsets the Tories who absolutely love the City then he might get the bounce. But good for him anyway.

cenydd
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Posts: 525
Politics: Liberal

Bankers detached from the real world are 'socially useless' Aug 11, 2013 9:52:46 GMT

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Post by cenydd on Aug 11, 2013 9:52:46 GMT

I think even the city-loving Tories have realised that there's a problem, or at least realised that everybody else knows that there is a problem so that they can't ignore it!

A liberal’s disagreement with a socialist or social democrat comes down to this: we both seek equality, but the only equality a liberal thinks is worth striving for is an equality of freedom. A liberal’s disagreement with conservatives comes down to this: we both seek freedom, but a liberal believes no one can achieve it alone. There is such a thing as society, and government’s purpose is to shape a society in which individual freedom can flourish. (Michael Ignatieff)

Bankers detached from the real world are 'socially useless'

Post by cenydd on Aug 8, 2013 11:18:56 GMT

Post by diuretic on Aug 10, 2013 5:53:27 GMT

Post by cenydd on Aug 11, 2013 9:52:46 GMT