Friday 19 January 2018

Banking crisis is only a symptom

We are going to have an investigation of the banking crisis -- albeit a muted version that will muddle along in secrecy until the main players have successfully and profitably left the stage.

It has always been so and it looks like it will always remain so.

It doesn't really matter anyway as banking practices, which were grossly irresponsible and contributed greatly to our misfortunes, were only a symptom of the real problem -- that is, providing the finance that had been lost in real earning power.

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