Tuesday, July 24, 2012

Blair pleads and bleats for the bankers

In an interview with The Daily Telegraph, Tony Blair, the former prime minister launched a defence of the free market and liberal economic rules established by the Thatcher government.

We must not start thinking that society will be better off “if we hang 20 bankers at the end of the street”,  Blair says, warning against taking vengeance on bankers. (An image that recalls a saying that humanity won't be happy until the last investment banker is hung by the guts of the last hedge fund manager.)

Perhaps he is worried about his own neck. Blair’s commercial interests since leaving Downing Street five years ago includes being an adviser to JP Morgan, a US investment bank; Zurich, a Swiss financial firm; and has clients, including several governments, which are said to deliver an annual income of about £20million. As Blair says ''We’re not against wealth" SOYMB believes that to be the royal we !

No comments: