Cable tells it how it is

ConDem Business Secretary Vince Cable wades into bankers

In a refreshing speech to conference Vince pulled no punches in blaming The City for the current economic crisis. He said: “I make no apology for attacking spivs and gamblers who did more harm to the British economy than Bob Crow (the RMT union leader) could achieve in his wildest Trotskyite fantasies, while paying themselves outrageous bonuses underwritten by the taxpayer. There is much public anger about banks and it is well deserved.”

Cable went on to broaden his critique: “The Government’s agenda is not one of laissez-faire. Markets are often irrational or rigged. So I am shining a harsh light into the murky world of corporate behaviour.”

http://www.guardian.co.uk/politics/2010/sep/22/vince-cable-full-speech