Senior FSA regulator: ‘Can you say no to four or five times your salary?’ | Joris Luyendijk | Comment is free | guardian.co.uk
“Would firmer regulation physically drive the banks out, depriving London of their spending? I find these threats a form of economic blackmail or terrorism. You can’t tax rich people or they’ll leave. You can’t regulate the banks or they’ll pack up. I think we should call their bluff. Britain is a beautiful woman who doesn’t know how pretty she is. Bankers have families; they have wives who don’t want to live in Dubai or Switzerland.