A disregard for ethics

I cannot be the only reader to find comments made by Neil Roden of RBS that “99.9% of people didn’t see the crisis coming” and “it is clear it was primarily a financial rather than a people issue” somewhat disingenuous.The contention that the events of late 2008 could not have been foreseen is at odds with reality. No less a figure than Warren Buffett publicly warned as early as March 2003 that investing in highly complex derivative instruments such as futures, options and swaps posed a “mega catastrophic risk” to the global financial system, a view that was repeatedly echoed by others.