Cautious approach will not work for the banks.
Another excellent, erudite article from Martin Wolff, FT. When so many highly respected, far from radical or ‘lefty’ hardhitting economists agree that the banks need a serious makeover it is worrying to see that is politics as usual with the people who should be fixing things.
Al B
http://www.ft.com/cms/s/0/eed3ba7c-659d-11de-8e34-00144feabdc0.html
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