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Bankers carry on unabashed, unscathed and unashamed
LIBerteaDate: Sunday, 2013/04/07, 11:00 AM | Message # 1 |   DMCA |   
The Mirror
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The right's folly lies in its inability to understand that bankers have barely been slapped

Nick Cohen
The Observer, Saturday 6 April 2013

The self-pity of the British right swells in inverse proportion to its self-knowledge. Conservatives, of all people, ought to have been horrified when the state used taxpayers' money to prop up lame-duck banks. Conservatives, who shout the loudest about scroungers living off the taxpayers, ought to have been the most concerned about sponging financiers.

In the 19th century, James Mill described the British empire "as a vast system of outdoor relief for the upper classes". In the 21st, honest conservatives might describe the public purse "as a vast source of corporate welfare for the moneyed classes". Yet honest conservatives have been replaced by paranoid fantasists. Fraser Nelson, a charming man who edits me when I write for the Spectator, and is without doubt my favourite rightwing loon, complains: "It has been almost five years since the crash and still the guilty men are being tracked down and subjected to what seems like a never-ending trial for financial war crimes."

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