Financial crisis: It would be nice if someone said 'sorry'
Telegraph
14 Ottobre 2008
To err is human, and so is the desire to rub other people's noses in their mistakes. But there is one thing that brings us up short in our wish to find fault, and that is remorse. More than a year into the financial meltdown, there has been very little sign of that from anyone.
Alan Greenspan, the former US Federal Reserve chairman, who helped create the conditions for the crisis by keeping interest rates too low for too long, seems entirely unabashed. I have heard Sir Martin Jacomb, a former chairman of Barclays, call for bankers to show more contrition, but I haven't caught any of them doing so. Nor have I noticed any regulators admitting that their oversight was inadequate, or accountants apologising for letting through shaky numbers.
This is not altogether surprising. An instinctive desire to shirk blame is not the only …
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