The banker's aren't reponsible for the financial crisis.Adair Turner was a person who defends the bankers.Bankers were "irrelevant" to the crisis, argues Turner, provocatively. "Yes, many individual financiers were greedy or incompetent, and we should punish fraud severely and increase the penalties for reckless behaviour," he says. "- But if we think the crisis occurred because of individual "bad apples" who corrupted the system, or because of badly designed incentives and inadequate sanctions, we will fail to make adequately radical reforms.”
Do you disagree/agree with me and why?
Do you agree or disagree and why?