The bankers have laid the apologies on thick this week, even though it was difficult to see this as anything other than an insincere attempt to put some heat under the iceberg of anger that threatens to sink them forever. What is lacking however is the apology from Brown and Labour. No doubt Gordon Brown would choke if he ever said the word "sorry".
Labour find it politically useful to see the bankers making grovelling apologies. Brown hopes this will deflect attention for his own responsibility. And reading sites such as Labourlist (which has rapidly degenerated into a craven mouthpiece for the government) you can see how desperate Labour are to pin all the blame for the entire mess on the bankers.
The reality was that the entire culture of greed and irresponsibility in the banks not only went unchallenged by Labour, they were happy to encourage it. They fed it with a light touch regulatory machine and a tax system that encouraged top bankers to behave irresponsibly. That culture sucked in both Labour and the banks and both were happy to perpetuate it. One side has apologised. Labour hasn't done so yet. I doubt they ever will.
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