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 think I'm a songwriter. I grab an instrument to make my body a song, but I'm not a player as such, maybe a little more on guitar, but certainly not piano.”
“Our choice of a reform framework dictated that we looked at the fundamental assumptions that had driven Nigeria's economy, society and policy hitherto and to seek ways of either abandoning or transcending those assumptions and their supporting institutions.”