Will Hutton: Bringing the bankers to heel must start right here, right now.

Big Finance has to be brought under control or outrageous bonuses will still be paid and there will be another crisis

http://www.guardian.co.uk/commentisfree/2011/jan/16/will-hutton-bankers-bonuses

Snippets from the article:

A bonus tax should be introduced...

Bankers argue it would damage them commercially to disclose their salaries, but we can't live in a world where every public official earning more than £55,000 is named, as the coalition intends, but no banker earning over a million has to reveal his or her identity...

Banks simply must be smaller, must not be conflicted and must compete more. Bankers will insist that they need to be big to serve their customers; the truth is that they need to be big only to serve themselves...