Unsavvy bankers

In: Uncategorized

4 Nov 2008

When I went into my bank today to pay some bills I came across a couple of small cards headed “Be a savvy saver”. One advised people to “keep your tyres pumped up” and the other said “make lunch at home”.

It is ironic that such unsavvy institutions as British banks are giving such advice to consumers. Perhaps it points to a novel explanation for the huge problems facing the financial sector. Maybe top executives were spending too much of their valuable time making sandwiches and not enough minding their own businesses?

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