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 |
“However well organized the foundations of life may be, life must always be full of risks.”
“Instead of the international police action we had hoped for during the war in Kosovo, there are wars again - conducted with state-of-the-art technology, but still in the old style.”