Fools or frauds?

Much of recent comment implicitly (at least) suggests that all bankers of recent times are fraudsters. But here's one stat that suggests they were merely fools:

"The net value of purchases for all bank directors in the six month’s since Lehman’s collapse was £95,700, a 91pc slump from the £1.1 million that they bought in the previous six months."

That 1.1 million is probably now worth a fraction of that amount. People are angry, and want to throw around accusations, but it would be great if we could get angry at the right things: stupidity, ignorance and arrogance.

Many of the critics of bankers unfortunately demonstrate many of the same traits.