Bankers, to the barricades!
Defenders of financial innovation have been too timid. There is a moral case to be made, which is being drowned by bleating on about cost-benefit.
Debating financial regulation can be a dialogue of the deaf.
Occupy and its adherents talk about rewards for failure, hoodwinking the taxpayer, and state-subsidised bonuses. For the 99% of bankers not busy blowing up their institutions this is at best irrelevant, at worst, madness.Meanwhile, the case on the ...