August 10, 2012

FT, without fear and favoring, do not exclude bank regulators from being shamed

Sir, in “The limits of shame” august 10 you state “Shaming banks and bankers should only occur when evidence of wrongdoing has been found. Bankers have been guilty of excess but they should not be condemned as a class.” 

Absolutely! But why do you exclude in that same line bank regulators? They are the guiltiest of generating excesses in terms of the obese bank exposures to what was erroneously perceives as not risky. 

For many years now I have held they should all parade down 5th Avenue wearing cones of shame or whatever similar procedure is more familiar to you in Britain.