Friday, 24 October 2008

The Empire Strikes Back

The first tentative shots are already being fired by the banks. I've noticed this in recent advertising. Adverts suggesting Bank A is more trustworthy than Bank B. And the occasional banking spokesperson on TV has a go at excusing or half-defending the appalling behaviour of banks in recent times..

But my feeling is that people generally have been shocked to the core. Indeed, we are still in shock. What has happened in banking is almost unbelievable. It will be remembered for many, many years.

Nevertheless, the banks and financial institutions are ruthless and driven. They will use every tactic they can think of to regain control of events, and attempt to get back to 'business as usual'.

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