HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Loss of income caused by ...
Introducing Discussionist: A new forum by the creators of DU

Wed Dec 5, 2012, 04:27 AM

 

Loss of income caused by banks as bad as a 'world war', says BoE's Andrew Haldane

Andy Haldane, the Bank’s executive director for financial stability, added that public anger at the banks was fully justified and that pay in the industry remained too high.

“In terms of the loss of incomes and outputs, this is as bad as a world war,” he said. “It would be astonishing if people weren’t asking big questions about where finance has gone wrong.

“If we are fortunate, the cost of the crisis will be paid for by our children. More likely it will still be being paid for by our grandchildren. There is every reason why the general public ought to be deeply upset by what has happened – and angry.”

http://www.telegraph.co.uk/finance/financialcrisis/9719300/Loss-of-income-caused-by-banks-as-bad-as-a-world-war-says-BoEs-Andrew-Haldane.html

1 replies, 364 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 1 replies Author Time Post
Reply Loss of income caused by banks as bad as a 'world war', says BoE's Andrew Haldane (Original post)
HiPointDem Dec 2012 OP
xchrom Dec 2012 #1

Response to HiPointDem (Original post)

Wed Dec 5, 2012, 06:11 AM

1. Du rec. Nt

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread