No apologies at Davos as bankers fail to take blame

AT Davos, it seems, sorry is the hardest word.

Amid the profound pain of the financial meltdown enveloping the globe, this week’s World Economic Forum might have been expected to feature apologies — even a massive mea culpa from the movers and shakers of the financial community that created the crisis.

There have been plenty of excuses, recriminations, hand-wringing and analyses. But scant few have owned up to the pervasive effects of bad business decisions that cost hundreds of thousands of jobs and brought the world economy to its knees.