The acknowledgement: “When Goldman Sachs chief executive Lloyd Blankfein claimed that he and his fellow bankers were ‘doing God’s work’, there was near-universal incredulity. Banking has never looked less like a divine calling. Indeed, in the public mind bankers have achieved what would once have been thought impossible: they have managed to sink lower than journalists…”
The solution: “Better education, not over-regulation, is needed to repair our financial system. Banking will never be God’s work. But we can make it less like the Devil’s…”
Read the full article by Niall Ferguson here (NiallFerguson.com)
Note: Yeah, maybe a lot of people consider bankers lower than journalists; but for me real estate agents are the lowest form of life .
