THE DAILY TELEGRAPH: The Church of England has launched a fierce new attack on bankers accusing them of greed and having "slipped their moral moorings".
A series of senior figures stepped up their attack on the City in an assault that comes a week after the Church refused to evict protesters from outside St Paul's Cathedral in central London.
They spoke of a financial sector which sets a moral tone for a society which had become "scandalously unfair".
The interventions included:
• A call in an article in The Sunday Telegraph today for fundamental reform of how the financial world works. It was made by Ken Costa, a former bank chairman and the Church’s newly appointed leader of an initiative to build links with the City;
• The Archbishop of York, Dr John Sentamu, said executive salaries were creating a gulf between rich and poor that made “societies less cohesive” and called for an end to official honours for financiers;
• Dr Giles Fraser, the cleric who quit as canon chancellor of St Paul’s over plans to evict protesters, said there was “financial injustice” that had to be addressed;
• A report written by Dr Fraser on behalf of a think tank endorsed by the Archbishop of Canterbury, Dr Rowan Williams, is to be published tomorrow, claiming the City’s reliance on technology was dehumanising its values. » | Jonathan Wynne-Jones and Kamal Ahmed | Saturday, November 05, 2011
This is all the result of Reaganism and Thatcherism. The Old Gipper and the ol' 'Milk Snatcher' have a lot to answer for. In Britain, Maggie Thatcher institutionalised greed; in the US, Reagan did the same. – © Mark
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