New story from Telegraph.co.uk published by Mortimer Goth August 28, 2009
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Lord Turner's answer to the financial crisis raises more questions
The more difficult questions are: is the City – or perhaps the entire global financial services industry – too big and too powerful? Does the investment banking industry take advantage of opaque markets to make inflated profits and award its senior staff excessive bonuses? Does this culture damage the rest of the economy? In fact, these questions aren't that difficult. The answer to all of them is yes. The really difficult question is: what can be done about it, without harming the essential elements of the financial sector and causing collateral damage to the rest of the economy? More: http://tinyurl.com/compensation97