Monday, June 22, 2009

The only swine now are bankers?

A rather strong statement indeed. The global economic crisis and the accompanying credit crunch have not only focused more attention on bankers but evoked strong and caustic comments from people who would normally be weighing every word before saying it.

According to India's leading business daily, The Business Standard, AirAsia Bhd’s Tony Fernandes has said that the biggest threat to the global airline industry isn't the swine flu outbreak. 'We've been through SARS, bird flu, tsunami, you name it,” Fernandes the founder and chief executive officer of Southeast Asia's biggest discount carrier, said at the Paris Air Show this week.” “The only swine now are bankers.”

He is not alone in showing anger at bankers. In March this year, the MICE industry website, MEETINGS:review reported how Dr. Daniel Thorniley, Senior Vice President, CEEMEA, Economist Intelligence Unit, outlined in very graphic terms the frightening truth about the economic downturn. He didn't mince his words either.

Listen to Dr. Daniel Thorniley …

'Swine' bankers shun jet loans, leave $36 bn gap ...