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Tony Blair: hanging bankers won’t help

Posted By admin On July 24, 2012 @ 1:19 am In Money Watch | Comments Disabled

James Kirkup
London Telegraph [1]
July 24, 2012

In an interview with The Daily Telegraph, the former prime minister launches a defence of the free market and liberal economic rules established by the Thatcher government.

The approach promoted by Baroness Thatcher’s government is not to blame for the recent financial and economic crisis, Mr Blair says, warning against taking vengeance on bankers and increasing State intervention in the private sector.

We must not start thinking that society will be better off “if we hang 20 bankers at the end of the street”, Mr Blair says.

Big international banks are still the focus of public and political attacks for what critics say was their role in causing the financial crisis.

Full article here [1]

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