gulfnews : Fat cat bankers must feel the iron fist of regulation

It's no wonder that ordinary people all over the world, who have lost homes, businesses, jobs or pensions or who are now facing massive government cuts, have come out on the streets to vent their anger against government policies in response to the ongoing global financial crisis largely caused by 'casino banking practices'.

Many are furious that governments are forcing them to pay the price while the fat cats running major banks and financial institutions are getting richer. This year alone there were major public rallies against banks in Britain, the US, Italy and Spain.

Even during these cash-strapped times when would-be homeowners can't get on the housing ladder and business people are prevented from injecting new finance into their companies due to tight lending restrictions, bankers are still paying themselves fat bonuses.

* username: rupertbu