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 |
“Statistics have shown that mortality increases perceptibly in the military during wartime.”
“I've always been very impatient. At age 10 I frankly found life boring, and I can remember age 9 having the awful thought, as it seems now looking back on it, A war! That should liven things up a bit!”