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  • "Wall Street's lawyers won an internal power struggle with its spin doctors, convincing the bosses that they would end up sued or in jail if their public statements were anything other than bloodless boilerplate.

    "So the big banks' apologies for their role in messing up the world economy have been grudging and late, and Joe Taxpayer has yet to hear a heartfelt "thank you" for bailing them out. Summoned before Congress, Wall Street bosses have made lawyerised statements that make them sound arrogant, greedy and unrepentant." -- The Economist, October 29th 2011

    November 4, 2011