Economy
Winds of change
Guy Rundle February 15, 2009
“PROFOUNDLY and unreservedly sorry”; “a bad, bad mistake”; “we should not have bought ABN Amro at any value, it has no value”. One by one, Britain’s bankers took their turn making a ritual apology to the House of Commons banking committee. They suffered the extended interrogation and mock outrage of Labour members of parliament who, after a decade of shameless obeisance to the New Labour dictum, as enunciated by Peter Mandelson, that “we have no problem with people becoming filthy rich”, had discovered their working class roots. Read more here