The bankers shouldn't get the blame

FeaturedImage_FinancialCrisis_2.jpg

The banker's aren't reponsible for the financial crisis.Adair Turner was a person who defends the bankers.Bankers were "irrelevant" to the crisis, argues Turner, provocatively. "Yes, many individual financiers were greedy or incompetent, and we should punish fraud severely and increase the penalties for reckless behaviour," he says. "- But if we think the crisis occurred because of individual "bad apples" who corrupted the system, or because of badly designed incentives and inadequate sanctions, we will fail to make adequately radical reforms.”

Do you disagree/agree with me and why?

Do you agree or disagree and why?

Comments (2)

  • Olivia-Avatar.jpg Olivia @ the BNC
    21 Nov 2018

    This is a good conversation starter, but please make sure all posts are written in your own words - some of the language here is very tricky, so it would be good for everyone reading this to be able to understand. Thanks!

    Reply to this comment
  • Millbank-logo-250x250.jpg content_road | Millbank Academy A
    17 Dec 2018

    Thanks!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Reply to this comment

You must be logged in to post a comment