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British archbishop criticizes bankers of abandoning judgement in making money
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09:35, April 12, 2009

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The archbishop of York, Dr John Sentamu, has issued a vehement attack on financiers who ignored the need for proper regulation and failed to realize that "they had the power to destroy individuals, communities and nations."

Sentamu, as a Daily Telegraph report said on Saturday, accused bankers of abandoning judgement in their derive to make money.

"As a society our collective pursuit of making money reaped its reward and a collapse was unavoidable," the archbishop wrote in his Easter message to the paper.

Senmatu, the second most powerful figure in the Church of England, said most people involved in money markets had abandoned an fear of risk.

He said that they should have heeded the words of Thomas Jefferson, the third president of the United States, who said "banks are more dangerous than a standing army. They can destroy individuals, communities and nations."

The outspoken black archbishop was one of the first church leaders to attack greedy financiers and the free market.

In his Christmas Day message, Sentamu condemned the worst excesses of capitalism, such as "ruthless gain" at the expense of the poor, and the idea of the greed market as a "blind force like gravity."

Source: Xinhua

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