wor-ld.org.uk
Letter to The Times re bankers' bonuses by Sharon Bowles MEP - Adur & Worthing Liberal Democrats
Sir, Your 1st March editorial concerning bankers’ bonuses has several inaccuracies. First, MEPs from across the political spectrum have pointed out that the size of bonuses, linked for example to trading returns, induced over-risky behaviour and peddling of poorly understood products. This contributed significantly to the financial crisis. Greed turned to fraud in Libor-rigging and …