Weekend Financial times: Carney promised Banks that in case they run into trouble he will be there as lender of last resort. so after they mayhem of the crisis instead of of reigning back some of their bad habits we (the taxpayer) are now going to provide them again with the safety nets to encourage them to maintain the irresponsibility to society. well even Warren Buffet has suggested to create a regulatory and legal environment where some of the actors when the firms they manage fail to have personal culpability that extend to their personal wealth. Its only then that this system will have a chance to survive.
Posted on: Sun, 27 Oct 2013 10:35:50 +0000
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