4 of 5 people found the following review helpful
Hang the bankers.,
This review is from: The Gods That Failed: How the Financial Elite Have Gambled Away Our Futures (Paperback)
The financial sector use to be a subsidiary of the economy, a supplier of funds to those who actually made things. This changed in the 80s under the premiership of Margaret Thatcher, - the worst prime minister that we ever had - who allowed industry to collapse due to a strong pound and allowed the Financial sector - The City of London, the building societies, banks, etc. - to continually de-regulate until there were hardly any regulations left at all. This allowed them to make money by any means possible no matter how risky or how un-ethical. The credit crunch is the end result. Elliott and Atkinson, in great detail, tell you how this came to be. It is a sobering book. I read in despair how these buccaneers in the City played fast and loose with other peoples' money. This book can be a little heavy at times - not surprising considering it's subject matter; but I stuck with it and learnt a lot.
Bring to account the bankers, the hedge fund managers, the stock brokers and all the other useless parasites that feed off society until there is nothing left and who then demand that the tax payer help them out.