Hightower: Obscenely Rich Bankers Claim to Do God’s Work — They Can Go to Hell
Friday, November 20th, 2009 by RLRFrom AlterNet
By Jim Hightower
“Repent,” the preacher cried out, startling those who heard him.
This was no street evangelist ranting at the passing crowd, but the archbishop of Canterbury, head of the Church of England. His sharp admonition was pointed directly at a particular set of sinners, who undoubtedly had never given any thought to the morality of their actions: the barons of global banking.
As in our country, people in Europe are enraged at those hustlers of high finance who wrecked the world’s economies, then flexed their political muscle to get governments to replenish their bankrupt vaults. Infuriatingly, these bailed-out bankers have now returned to business as usual, including grabbing monstrous bonus payments for themselves.
In Europe, such greed is not only being assailed politically, but it is also being cast as a matter of fundamental moral failure. As another of Britain’s leading clergymen put it, “There is a general feeling that the level of bonuses we’ve seen have been obscene.”
While top executives of Barclays, Deutsche Bank, Goldman Sachs and other big investment houses were initially puzzled and hurt by the public’s moral outrage, their audacious sense of personal worth and entitlement quickly kicked back in. So Europeans are now witnessing the spectacle of bankers draping themselves in radiant robes of ethical purity.
“Profit is not satanic,” the CEO of Barclays recently proclaimed. “Size is not necessarily evil,” asserted the head of Deutsche Bank.
Read more Outrageous Claims
Leave a comment