Men behaving badly?

There is a great piece in  Comment is Free by Larry Elliott.  The article looks at the behaviour of the banks asking for cheap funding from the central banks and the central banks willingness to provide it.

While I have lots of sympathy for this argument, I also understand why the central banks are providing the money to support this key part of our economy.  To prevent an economic meltdown for normal consumers, this money needs to be provided.  Consumers are already impacted by the increased cost of arranging a mortgage and many are struggling to get access to credit. 

While we do need to think about consumers and not just beating up the banks for previous mistakes, I think Steve Bell’s picture from the Guardian sums it up nicely.

 

taken from the Guardian 22 March 08