“Right now, it’s fashionable – and many would say reasonable – to loathe banks and bankers…But here’s the terrible truth: we need banks and bankers, to secure our own future prosperity.”
A reminder Rober Peston, the BBC’s Business editor, gives us that we may hate them all we want. We may also start Facebook groups calling for their dishonour. But when it comes down to the truth of it we really need bankers.
The rage over AIG bonuses is still strong and why shouldn’t it be? For us, these are the people that tampered with our money and not only got away with it, they got bonuses! But here’s a thought presented by Edward Liddy, the AIG Chief executive;
“Americans are asking quite simply why pay these people anything at all…Here’s why: I’m trying desperately to prevent an uncontrolled collapse of that business” to “avoid a systemic shock to the economy”
So should we just give bankers a break? Should we let the people on Wall Street and The City do their jobs and get the economy back on its feet? Or are we more than right to ask for their resignation, imprisonment and , in the case of Iowa senator Charles Grassley, for them to kill themselves?
Should religious leaders always be infallible?
We look up to them, seek their guidance and take all that they say to be not only true , but holy. So what happens when religious figures blunder and make mistakes. Is it acceptable?
Peter Popham says that in a succession of high-profile gaffes from offending Jews and Muslims to saying that condoms make Africa’s AIDS problems worse, have made the brainiest pope of modern times the most accident-prone. Is it hard to accept that religious leaders make mistakes?
To strike or not to strike
New strikes in France are set to hold the country to a stand-still. Unions are protesting against President Nicolas Sarkozy’s economic policies. Unemployment has reached two million and is expected to rise further. But in the current economic climate, are strikes the way forward? Would you strike if it meant saving someone’s job even if your own isn’t at risk?