We may been distracted by our greedy and corrupt MPs, but we have not forgotten about our greedy and selfish bankers

Today I discovered The New Statesman. It is an amazing publication, and how it evaded me for this long I am unsure. Never mind though, I have found it now. Upon a flick through some of the recent topics of interest I found an article by a Dr. Vincent Cable. The Rt Hon Vince ‘The Cable’ MP has enjoyed an enhanced reputation of late due to his prior awareness of the current financial crisis, and his firm and daring opinions on what ought to be done about it. In this article, Dr. Cable reminds us that the MPs’ expenses crisis, shocking and intolerable though it is, must not allow us to forget the atrocities committed in the name of ‘the market’ by city bankers. This article was well worded, and posited an important argument.

More interesting still was a link buried within the comments – a clip from John Bird and John Fortune, made in 2007 (yes, before it became common knowledge that we’d been done over by the greed of private sector financial companies), wherein they satirise the process of subprimes and hedge fund investments. It is almost scary, how well they deconstruct the illusion of investments before the crisis hit full momentum. I advise everyone with an interest in the economic troubles to watch it – it really is quite something.

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Posted: Monday July 6th 2009 at 10:24 pm

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