It was inevitable really. After all, the banking crash of 2008 was 17 years ago and many of the main actors have left the stage. The new generation cannot be expected to pay heed to the lessons from back then. The world has moved on, live with it.
Many, but not all. And you might suppose the current banking whizzes would be required to absorb what unfolded and almost brought the world’s financial system to its knees, resulting in taxpayer-funded bailouts running into hundreds of billions and the loss of tens of thousands of jobs. You would be wrong, of course. Even though something that is taught in the City and on Wall Street, is that everything is cyclical, what comes round comes round, shares can go down as well as up and if it’s too good to be true that’s because it usually is. Yeah, yeah. Save it for the old folk. We know best, we’re in charge now.
