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 |
“It is not always by plugging away at a difficulty and sticking to it that one overcomes it; often it is by working on the one next to it. Some things and some people have to be approached obliquely, at an angle.”
“I don't think that there is absolute freedom of the press. We operate under laws - against libel, for instance. The idea that there is some absolute press freedom is kind of a myth.”