"... Today’s banks represent the incarnation of profit-seeking behavior taken to its logical limits, in which the only question asked by senior staff is not wha

"... Today’s banks represent the incarnation of profit-seeking behavior taken to its logical limits, in which the only question asked by senior staff is not what is their duty or their responsibility, but what can they get away with. ..." Martin Wolf, FT. No, as long as the money kept rolling in, a blind eye was turned to the kind of behaviour described. Hard times has changed what is acceptable practice.