Chasing Goldman's fallen star

Former Goldman Sachs chief and MF Global boss Jon Corzine could pay a hefty price as anti-banker sentiment extends around the world. Meanwhile in Australia, if the Christmas slogan “make Grinch banks pay” takes off, it could lead to a banking super tax.

The global community's distrust and dislike of both conventional and investment bankers is one of the most dangerous forces facing banks. In Australia, the banks have only themselves to blame. Yesterday I was on radio defending their interest rate stance in light of what was happening to Europe, which provides 40 per cent of their funding.

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