So it took over a week for Barclay's CEO Bob Diamond to resign from his job.....WELL THANK GOD!! I am a free market, capitalist but this is how it works. You mess up (not just this once Bobby) and you get canned. Barclay's would be just a middle tier investment bank if its wasnt for the Lehman collapse and subsequent purchase, but all is fair in love and war. I think the whole financial industry needs to wake up and realize that people don't like them and you will ALWAYS GET CAUGHT!
I truly believe that there is a huge benefit to the capital markets these firms provide, but it just seems like every month there is a scandal or something that makes everyone look so bad.