We said it before and we'll say it again: If you think things are bad in America, they are even worse in Britain, where, the Wall Street Journal reports, "the Conservative Party's would-be Treasury minister" is assailing the compensation of a Barclay's bank executive, and Lord Peter Mandelson, a senior Labour Party leader, said that the executive "hasn't earned that money. He's taken £63 million not by building business or adding value or creating long-term economic strength, he has done so by deal-making and shuffling paper around." The "long shadow of usury" strikes again.
It's Worse in Britain
by Ira Stoll | Related Topics: Banking, Capital Markets Regulation, Compensation, Europe, Politics receive the latest by email: subscribe to the free futureofcapitalism.com mailing list