We truly live in exciting times when the boss of a Western central bank to publicly wonder that the anger of people against banks not greater, and a member of life of the CFR and Oscar Prize winner suggests that one should put half of the top management of major U.S. banks in the jail.
Mervyn King (BoE):
Charles Ferguson (damals in Cannes, 2010):
" Where do you see things going? Do you think current regulatory bills will help?
Not much. They don’t address the core problems. However, I think there is an increasingly popular anger and revulsion at this situation, and that will translate into increased political pressure. I think there’s a strong case to be made that if you put half of the top management of Goldman Sachs, Morgan Stanley, Lehman Bros, Merrill Lynch and Bear Sterns in prison, that you would not have to make much regulatory change, at all "
Not much. They don’t address the core problems. However, I think there is an increasingly popular anger and revulsion at this situation, and that will translate into increased political pressure. I think there’s a strong case to be made that if you put half of the top management of Goldman Sachs, Morgan Stanley, Lehman Bros, Merrill Lynch and Bear Sterns in prison, that you would not have to make much regulatory change, at all "
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