Monday, 20 October 2008

Who is to blame for the crisis?

The bankers primarily, according to both Newsnight viewers, and Europeans as a whole. From the FT:

Carried out between October 1 and October 13, the poll found 80 per cent of European Union respondents said commercial and investment banks were “completely responsible” or held “a lot of responsibility” for the recent financial turmoil.

Central banks were also said to share much of the blame, with a surprisingly high score of 70 per cent giving them a lot or complete responsibility.

Notably short-sellers come pretty high on the blame list in the FT poll.

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