onsdag 2 april 2008

Banking crisis - whose fault?

It is tempting to blame the banking crisis on the regulators. But no amount of regulation can contain forces that encourage people to lend money to people who cannot afford to pay it back, on the security of bubble values that have been largely created by the same free lending policy. Regulation would be skirted round, somehow or other.

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Calendar confusions

I have taken down my Christmas lights at last, yesterday being the Feast of the Presentation, 2nd February, which marks the end of the Chris...