Gosling's Grouse: Readers on 'bad banks'

Readers on ‘bad banks’

I am always grateful that anyone reads my Monday morning musings, and even more grateful when people take the trouble to send me a note.

Below are two replies to my recent comments about banks, which, I think, take the debate further forward: ‘Please do not describe what the banks have been doing for years as ‘errors’. They were not errors. Particularly mis-selling, LIBOR fixing, swaps and exchange rate fiddling. They were deliberate policies designed and implemented by greedy, unscrupulous people at the top who forced employees to carry them out for fear of losing their jobs or promotion prospects, thus corrupting them also. I know many bank employees who took early retirement or left the industry sooner than parti...