August 10, 2009

You would think after global financiers triggered the current, unprecedented worldwide recession and credit crisis, they might embrace inevitable reforms that their reckless conduct made necessary.The United States and, to a lesser degree, Britain, are the epicentres of the crisis.

Banks and other financial institutions based in the financial capitals of New York and London deemed "too big to fail" have been bailed out with trillions of dollars of taxpayer funds, beginning last fall.The names of the bad actors are all too plentiful. And familiar, given their long-cultivated image of probity.