Corporate executives as bank robbers?

Dr. John Sentamu is the Anglican Archbishop of York. He said this recently on the recent economic crisis and subsequent bank bailout plan:

"To a bystander like
me, those who made £190million deliberately underselling the shares of
HBOS, in spite of its very strong capital base, and drove it into the
bosom of Lloyds TSB Bank, are clearly bank robbers and asset
strippers…"

"Tomorrow morning I will attend a meeting to launch a campaign of
‘Education for All’ as part of the global effort to achieve the
Millennium Development Goals, including the eradication of global
poverty by 2015. Of course for such a target to be achieved there needs
to be stable financial systems. There needs to be stable financial
systems. Without a solid global economic base to work from, the
eradication of world poverty would be an even greater task. But as
one columnist recently noted, ‘the President of the United States
recently announced a $700 billion bailout plans for banks and financial
institutions.’ One of the ironies about this financial crisis is that it
makes action on poverty look utterly achievable. It would cost $5
billion to save six million children’s lives. World leaders could find
140 times that amount for the banking system in a week. How can they
now tell us that action for the poorest on the planet is too expensive?"

Read the whole article here.
(ht: Maggi Dawn)