Mostly agree with you, Eric (and Jan, particularly where Eric agrees). Except for your not registering free for FT, which caters to interests other than those of spivs (the article does go into lack of time rather than money as the common excuse).
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Do you really think that people recently sacked from the banking and building society sector are going to seek the holy grail of fiction to improve their lives, now they have endless hours on their hands?
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Well, I have. But well before being recently sacked (as a mere consultant in support services, mind you), and not having anything to do with career prospects. Or holy grails for that matter (except perhaps montipythonic). And oh if only the hours were endless, how much reading I'd get done!
an afterthought: the question "is fiction important?" is unrelated to sceptical press reports about mark-to-market practices that sector employs in booking mortgage assets. 