Leaving aside the alleged and unresolved illegalities, what we are witnessing is an ongoing transfer of wealth upwards, often from those who cannot afford it to those who do not deserve it. It cannot go on forever, and steps need to be taken now to stop this flow.
The important point here is that every smart organization has got to design and put in place systems and processes that make it easy and safe for any employee to ask questions, raise concerns and blow the whistle.
Though coveted by the Oxford masses, I have never been wedded to a career in finance. But breaking into the world of journalism is famously fickle and so - petrified at the prospect of inactivity next summer - I decided to begin looking elsewhere for work experience. Banking was the obvious choice.
Although Barclays are shaking up their investment banking operation with a commitment to stop helping companies manage their finances in a way that avoids paying tax, making preparations for the possible fall out from their interest only mortgage book would be a positive move.
There's a question that has been bobbing around like a party balloon since it was first aired at the 2009 World Economic Forum in Davos: would the global financial crisis have occurred if, instead of Lehman Brothers, there had been Lehman Sisters.