Another day in Davos, another bout of “commie-style” bank bashing. Or that, least, is what some frazzled financiers are now muttering as they slosh around the snowy Swiss mountains.
The frenzy kicked off at the start of the week with the arrival of Vladimir Putin, Russian prime minister, who addressed the opening session of the conference. With visible pleasure, he pointed out that “the pride of Wall Street banks” had crumbled, and railed against the folly of creating an economic system where financiers were allowed to run amok with “virtual money” and other forms of financial innovation.
