For a lay public baffled by the self-immolation of the Western banking system, perhaps the most bizarre single instance is the scramble to hire employees of Lehman Brothers. Barclays is shelling out $2.5bn in bonuses to Lehmanites in New York, and Nomura up to $1bn in London.
Yet those are the same people who drove their former employer into bankruptcy. Surely this is bonkers?

COLUMNISTS 

