Politicians and the Bankers Band Wagon
Our Lords and Masters seem to have finally noticed that hammering banks and bankers every single day in the press is not exactly conducive to increasing business flow.
If moral is non-existent, you are pilloried by politicians (of all people) and your little annual bonus* has been banned by a populist leaning Prime Minister would you be minded to approve that new loan to what appears to you to be a failing business?
* I am not talking about the Masters of the Universe here, just the ladies and gents on the front line
It is all very well for politicians to exhort banks to lend, lend, lend but if injudicious loans turn into even more bad debt they will be the first to jump (yet again) on the incompetent bankers band wagon.
More from Simon Denham, read his daily column >> Spread Trading.
Good Luck!
DB
The above comments do not constitute investment advice Clean Financial accepts no responsibility for any use that may be made of them.
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