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 |
“Sometimes in politics one must duel with skunks, but no one should be fool enough to allow skunks to choose the weapons.”
“Experience teaches you that the man who looks you straight in the eye, particularly if he adds a firm handshake, is hiding something.”