Alf recently posted an item on bonking bankers.
Today he draws his constituents’ attention to their flair for screwing their clients – in the US, at least – when they are not screwing their mistresses.
A particulary shabby case has been highlighted in The New York Times.
The item spotted by Alf kicks off with a proposition that is glaringly obvious:
If there’s one thing we’ve all learned in the aftermath of the financial crisis, it’s that stiffing your client is not a crime. Not if you’re an investment bank.
The writer illustrates this with a couple of examples.