Monday, July 11, 2011

Common cause

With the massive scandals that hit the banks many questions were asked - How did this happen and why weren't there protections in place to prevent this? being perhaps the biggest. Politicians scrabbled in the face of public outcry to do something - more regulation, greater powers to curb behaviour. Not quite as obviously the banks scrabbled to try and prevent any of this happening; throwing out the 'lessons learned' and 'just one bad apple' defences. Presenting sacrificial lambs to try and appease while at the same time sidling up to MPs and whispering in their ears about how bad this would be for the economy if any of these plans were to go through.

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With the massive scandals that hit part of the media many questions were asked - How did this happen and why weren't there protections in place to prevent this? being perhaps the biggest. Politicians scrabbled in the face of public outcry to do something - more regulation, greater powers to curb behaviour. Not quite as obviously the media scrabbled to try and prevent any of this happening; throwing out the 'lessons learned' and 'just one bad apple' defences. Presenting sacrificial lambs to try and appease while at the same time sidling up to the public and whispering in their ears about how bad this would be for a free press if any of these plans were to go through.

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Funny how the world turns.

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