She tells us that we’re just swept aside, told it’s all too complicated for us to understand:
This public deference is also evident in how effectively the banks have used complexity and expertise to dodge accountability. “You wouldn’t understand” was the mantra provided to regulators, politicians and the public, just as priests in a cult might tell devotees. The complexity required a superior intelligence and skill, insisted the “masters of the universe”, as they recruited the sharpest minds.
Is it all too complex to understand?
Just over 200 “core” staff at Barclays took home £554m last year, while thousands of shareholders, who had lent £51bn of equity capital, were left with £653m in dividends.
Apparently so for you don’t “lend” equity capital.