Quote

A resonant passage from a review of books on the financial crisis in this week's TLS (23 April, p.8):

' "More than any other individual...[Greenspan] was responsible for letting the hogs run wild. [...] It was a form of crony capitalism...The gains of financial innovation and speculation are privatised, with the bulk of them going to a small group of wealthy people who sit at the apex of the system." Their wealth has created the framework for a dysfunctional society in which bankers living on multi-million pound bonuses presume to tell governments that the solution to the problems they have created is to take the axe to public spending, starting with welfare benefits and the NHS.'