I finish by quoting from the letter from the 1,000 economists to the G20: “The Financial Crisis has shown us the dangers of unregulated finance, and the link between the financial sector and society has been broken.
Professor Larry Summers, who was a contender for the Treasury Secretary's job and is the Charles W Eliot Professor at Harvard, said: “The Financial Crisis has made me rethink everything about economics”.
” It is not just in the environmental field either, as the Parliamentary Commission on Banking Standards found that “The Financial Crisis demonstrated, particularly in view of the position of banks that proved too big to fail, the need for strong regulation to protect the public interest,” I could go on, but I shall not.