Generous bankers
Oct 25, 2008
Bishop Hill in Blogs, Economics

Back to the grind, and it's been cold wet and miserable since we got home. Mind you, that's not a lot different to the weather in Spain. Amazing stuff, this global warming.

Thought for the day was prompted by a posting at CiF, where Ian Jack comments in passing about greedy bankers. The thing is, the credit crunch was caused by aforementioned greedy bankers handing out money to people who had no chance of ever paying it back. I always thought this sort of behaviour was called "generosity" rather than "greed".

(Yes, I know, they were only dishing out the money because the government made them, but all the same...)

Article originally appeared on (
See website for complete article licensing information.