Robert Wilmers, chairman and chief executive of M&T Bank, (i.e. an insider) writes about the causes of the banking crisis in the The Washington Post.
No excuse is made for the preponderance of posts on financial matters. If ever there was an issue that goes right to the heart of integrity and honest behaviour, it is the economic crisis that we are all in.
So it was particularly gratifying to read from someone within the industry that reforms are sorely needed.
The article is well worth reading. Thanks to Baseline Scenario for referring to the article.
By Paul Handover
