Dishonesty? We come by it honestly!
Yet another banker-bashing news story has hit the press. On Thursday (28 June 2012), Barclays bank was fined for fixing an interest rate linked to the price of loans on mortgages. There has been a loud voice from the public demanding Bob Diamond to resign as Chief Executive . Other stories have reported that Bob will not resign over the actions of a "small number" of Barclays employees who were dishonest to make a fast buck for themselves. Searching Twitter for #Barclays and #BobDiamond shows a lot of anger and hate directed towards the leaders of the banks. The people want a public execution: they want a Diamond skull! After the execution Is this "reach for the torches and pitchforks" reaction helpful? The "small number" of traders in Barclays would have known what they were doing was (if not illegal) " morally questionable ", and yet they still did it. People are inherently dishonest and do not always weigh up the reward of an action v...