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Greedy bankers being patted on the back by FSA for their awe inspiring hubris and risk taking. They were the gamblers and the casino, so they couldn't lose.
Of course they all got their comeuppance in the end.......£100m bonuses and free use of company super yacht for life.
I think they've switched to stupidity/carelessness as a defence for their own role in the whole affair. The 'deficiency' in the whole thing was that the incentive structure put in place by governments for banks encourages recklessness, whilst it benefits them. When it stops benefiting them, eg during a 'crisis', then you get all the 'critical self examination', promises to 'get tough' etc, whilst the banks still largely operate in a similar way, with useless band aid fixes put in place to pretend the problem is under control.
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