“The public has never seen banking as a wholly respectable activity, and history abounds with slighting references to those who ply their trade in the financial markets. In his dictionary, the 18th century scholar Samuel Johnson defined the stock jobber simply as ‘a low wretch who gets money by buying and selling shares in the funds.'”
“The financial crisis has brought such dim opinions back to the fore. Indeed, it has gone further, opening a worrying chasm between the financial world and the public. The sense of scorn has become intense. One does not have to visit the tented encampments in the City of London or Wall Street to hear calls for bankers to be jailed – or worse.”
Read the full editorial here.