Evening Standard: "Finance must get back on the right path"

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"... In the concluding chapter of his justifiably acclaimed book, City economist Russell Jones puts his finger on the danger to society inherent in modern finance. He writes:

"There is no doubt that the shortcomings and failings in the basic architecture of financial intermediation [bankers are crooks] can encourage predatory and destructive tendencies if not grotesque distortion in the allocation of capital and resources and huge costs for society as a whole when these distortions unwind." [Bankers are crooks.]

"But he also makes the point that it was the excesses of a relatively small number out of a large community that imposed such a large bill on society." [Bankers are crooks.]