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 |
“Listen, wait, and be patient. Every shaman knows you have to deal with the fire that's in your audience's eye.”
“Now, I think that in acknowledging that every individual Member of Parliament and indeed every individual member of the Labour Party, has rights to express their view in a spirit of tolerance.”