Comments on: Memo to banks – it’s not all about the money http://blogs.reuters.com/great-debate-uk/2009/08/07/memo-to-banks-its-not-all-about-the-money/ Sat, 18 May 2013 13:58:11 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Simon Drake http://blogs.reuters.com/great-debate-uk/2009/08/07/memo-to-banks-its-not-all-about-the-money/comment-page-1/#comment-5639 Simon Drake Fri, 07 Aug 2009 15:21:37 +0000 http://blogs.reuters.com/great-debate-uk/?p=2733#comment-5639 "Most fee earners today are taking risks with shareholders money." - That is the root of the problem. Any small business owner can go to the wall, while a large 'important' bank can go to the government and the management 'gurus' running the show still get the golden handshake. The only reason this continues is that the public are duped by, or very much in fear of, the financial system. Without sounding alarmist (or popularist), only when the people (of all classes and risk-takers) opt out of the financial system will the financial system opt out of its current malaise. “Most fee earners today are taking risks with shareholders money.” – That is the root of the problem.
Any small business owner can go to the wall, while a large ‘important’ bank can go to the government and the management ‘gurus’ running the show still get the golden handshake.
The only reason this continues is that the public are duped by, or very much in fear of, the financial system.
Without sounding alarmist (or popularist), only when the people (of all classes and risk-takers) opt out of the financial system will the financial system opt out of its current malaise.

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