Wednesday, February 11, 2009

Quote of the Day

This little gem is from Nick Robinson’s Newslog, describing the apologies yesterday by British banking leaders:

…the question was left hanging: “what are they sorry for?” For the consequences of banks’ failures for shareholders, staff and customers certainly. What was much less clear, however, is that they accepted personal responsibility for causing those consequences.

This felt more like the captain of the Titanic saying “I’m sorry the iceberg was there” and less like “Sorry I steered my ship into the iceberg and promised you that it couldn’t sink.”