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 wish I could sing. I love singers, but I am way too shy. Scares the hell out of me.”
“I'm no wealthier than Bibi Netanyahu or Arik Sharon. I don't feel that I'm more hedonistic than Ehud Olmert, or Yitzhak Rabin or Shimon Peres.”