## Sunday, May 10, 2009

### How much purging is required at the top of big American banks?

by JD.

As we come to the beginning of the end of the financial crisis, the calls for the blood of bankers have abated. There is universal agreement that the system overall was flawed, and it is unfair to burden a particular group with the full responsibility of our current sorry state.

The time has come to dispassionately step back and ask the tough question. It may or not be unfair, but is it incorrect?

Consider first the arguments for those who claim that the Bankers have suffered enough.