Last week the Church of England rolled out its big guns, in the form of the Archbishops of York and Canterbury, and trained both barrels on the perceived culprits behind the current world financial crisis in a ‘good cop-bad cop’ duo where the ‘bad’ cop (Canterbury) is so good that the ‘good’ cop (York) is forced to be positively obsequious. Eloquent testimony to the mollifying powers of the English shires when even the plain speaking man from Uganda chose to address the gathered fraternity of international bankers in terms more suited to a Harrogate tea parlour than the fire and brimstone which their unbridled consumption of usury truly deserves. As he approaches the end of his speech one soon realises that the whole thing has been a genteel preamble to a request for a share in the proceeds of what his colleague (Canterbury) rightly describes in the Spectator as, “…that almost unimaginable wealth [which] has been generated by equally unimaginable levels of fiction, paper transactions with no concrete outcome beyond profit for traders.” Our bad cop should perhaps take note that these transactions rarely involve anything quite so tangible as paper!<\/p>\n
Read the full article here<\/a><\/p>\n