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'Banking's not just a job. It's a calling'

Source: The Guardian

Oct 27, 2009

Summary

Delegates from the American Bankers' Association are not accepting the blame for the crisis, despite demonstrations from those who think otherwise

America's bankers may not agree on much. But on one issue, they are entirely united. They refuse to become humble whipping boys, taking the blame from an angry nation for the global financial crisis.

More than 1,500 senior executives from banks across the nation congregated in Chicago this week for what was intended to be a convivial get-together to reflect on the most tumultuous period for finance since the Great Depression.

For its annual convention at the city's Sheraton hotel, the American Bankers' Association hosted a cruise down the Chicago river, an optional cookery lesson, a barnstorming speech by the former Republican speaker Newt Gingrich and a series of round-table sessions on "strategic solutions".

"Bankers care. This is not just a job for us, it's a calling," the ABA's chairman, Arthur Connelly, told the assembled financiers, under a stage set made of scaffolding to illustrate a "rebuilding" theme. "We wan

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