Monday, January 26, 2009

Beatniks, Pyromaniacs and Gangsters ... Oh My!

(Herr Müntefering geht über den Regenbogen -AM)

Franz Müntefering, chairman of Germany's Social Democrats, hit out against bankers yesterday, describing them as "gangsters" and a threat to democracy, amid discussions over ways to step up support to the country's ailing banks.

"Most of the bankers are competent and responsible, but there are also some beatniks, pyromaniacs and gangsters," he said in an interview with German newspaper Frankfurter Allgemeine Sonntagszeitung.

"Some have lost track of what they were doing. Others risked everything. And further bankers have lined their pockets. This is a burden for democracy," said Mr Müntefering, famous for branding financial investors as "locusts" in 2005.

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