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'm always the one with the activist friends. I've been an activist very little.”
“I have a hard time defending the production of candy, given that it is basically crack for children and makes them dependent in unwholesome ways.”