Quote of the Day | 0210

Other network industries – airports, nuclear plants – have long operated under special bankruptcy codes, ensuring an orderly wind-down and handover of assets. Unlike every other private businesses, big banks knew they would never be allowed to go bust. So they took too many risks and leveraged themselves to the hilt, to maximise returns on capital (and hence profit and pay); […]

Allister Heath, ‘The Top Ten Real Causes of the Crisis’


[x]#8255 fan donderdag 10 februari 2011 @ 12:54:45