Saturday, March 5, 2011

If Banks Face No Risk, We Shall All Go Down

Charles Moore, The Telegraph
Governors of the Bank of England are, rightly, cautious people. Their remarks can move markets. They must steer the way between exuberance and gloom. So they tend not to say very much. Historically, the Governor's most important organ was not his tongue but his eyebrows. If he raised them quizzically, the bankers of the City of London got the message.

Source: http://www.realclearpolitics.com/2011/03/05/if_banks_face_no_risk_we_shall_all_go_down_251545.html

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