Now, this is scary, to read in The Guardian the argument on which much of Broken Bonds is based that forget bonuses and deficits, the root cause of the banking crisis is greed. The article points to those looking for a comfortable retirement, amen to that! The point throughout, though, is that investors will always seek the best possible returns and a banking industry geared to serve this market will seek to produce it. The answer is radical and is about fair shares for all. The question is how might that be achieved.
In the run up to a General Election it will be interesting to see whether any of the major parties follow this as a vote catching issue. The point is that we are not talking about bad people. It was easy to point the finger as massive bonuses and crazy senior executive salaries, it was easy to get steamed up about tax havens, but this stuff is too close to home. It's about you and me.
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