One thing everyone knows from the last election in the
U. S. is that the Wall Street
crowd, bankers and hedge fund managers and the like have a pretty thin
skin. They regard any criticism of
themselves for the recent and current financial sector scandals by anyone as totally outlandish. After all they were not responsible
for the near fatal crash of the financial system, the "system" was
responsible. And so despite the
tremendous financial success they experienced under President Obama, they
deserted his campaign and spent millions trying to defeat him.
Apparently this same attitude rules the day in
where the head of the Bank of England went
on a major whine to protest people who blame bankers for the failure of the
In a valedictory interview he said: “Don’t demonise individuals here. This wasn’t a problem of individuals, this was a problem of failure of a system.
Now we admit to being confused here. Isn’t something like a banking system made up of and controlled by, well, bankers? And aren't these bankers individuals? Apparently not, apparently the “system” exists independent of any individuals, sort of like a cyborg or something out of a zombie movie.
But everyone should feel badly that the bankers have hurt feelings, and everyone should only hope that the millions and millions they have taken in compensation and the millions and millions they will take in future compensation is enough to offset their pain.