Witold Gadomski has a lengthy article on the crisis in Saturday’s Gazeta Wyborcza. It’s a tremendously boring article about the central bank, the bank oversight commission and some elected jerk who picks up a pay cheque for punching the clock at the ministry for finance every day. A big problem is that the important offices (the national bank and the oversight commission) are staffed by people who have not yet quite won the trust of the bankers. One of them (name forgotten) is a good solid worker but – again – he has not yet won the trust of the bankers. If he had won the trust of the bankers there would be no problem: banks would happily lend money to each other, just as they used to do when there was a man on the job who had won the trust of the bankers. It’s worse in the national bank. The man in charge there (Skrzypek) simply does not have the trust of the bankers. He is opposed to Poland changing its currency to the euro, or in other words, he does not have the trust of the bankers. He’s independent of the government but could he perhaps be just a little – a tiny bit – too independent – I mean after all, this is a man who doesn’t even have the trust of the bankers.
Yes, it is monotonous, isn’t it? Constantly being told in a not very well disguised way that the people who monitor and regulate the banking industry should be bankers. Because we all trust bankers, don’t we?
Tags: witold gadomski