All Further Articles for 2012-10-01
Replanting the Orchard: The Long-Shot Vision of Bankers As Good Guys
In the wake of British banking misdeeds that sound dismally familiar - rate-fixing, bailouts, massive undeserved bonuses - the Church of England offers a scathing critique of a banking culture it says must repent for its sins and reinvent "a culture of the virtues." Bravely using "morality" and "banking" together, the Church told a Parliamentary commission the culture of banking shows a "blindness to the common good," for which it must offer "contrition." "One insight from the Christian tradition of penitence and forgiveness is that it is often not enough to put matters back to where they were before things went wrong; demonstration of a change of heart by means of restitution and a visibly robust refusal to let the same failings occur again is necessary."