Investment banking has, in recent years, resembled a casino, and the massive scale of gambling losses has dragged down traditional business and retail lending activities as banks try to rebuild their balance sheets. This was one aspect of modern financial liberalisation that had dire consequences.
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Nationality: British Type: Politician Born: May 9, 1943 |
“I think that you really don't have a choice, when you see that things are wrong the only choice you really have is to just do what you can to make it better.”
“I love sci-fi because it leads in the imagination, and I always say it has the most intelligent fans in the world.”