Banking on change?: we need strong political action to break the financial industry’s stranglehold on politics and promote the common good

Andrew Bowman, Ismail Erturk, Julie Froud, Sukhdev Johal, John law, Adam Leaver, Michael Moran and Karel Williams have recently published a report for the CRESC on the British banking industry and the Libor scandal. In this article, they call for a more comprehensive investigation than the one announced by the Prime Minister on Monday, and argue that the banking crisis is a crisis of politics.