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  In the week that a French trader working for Société Générale has gone on trial for nearly doing a Nick Leeson in bringing his employers down, perhaps we should take a look at our banks and reflect how greed and profiteering nearly destroyed the entire economy. I'm all for laissez-faire economics, but it is morally wrong and political suicide to allow banks anything like the autonomy and power they have hitherto enjoyed seemingly unchecked. I say 'seemingly' because in theory the Bank of England should have had control over this; clearly they did not and one must question what the Bank of England exists for if not to control our banks.
  
  The banks have shown no remorse nor displayed any commitment to put their houses in order, in fact the culture of corporate greed emanating from the City has shown no signs of diminishing. Before a single penny is paid in bonuses (I know, too late!) they should repay every penny HMG forked out to rescue them. Only when the entire rescue package has been repaid should they then look to further lining their own pockets and those of their shareholders, and even then the highly questionable practices used by the dealers outlawed.

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