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FT.com / Companies / Financial services - The pitfalls of financial globalisation grow clearer

Two German banks that dabbled in subprime structured products have had to be rescued. The dabbling arose from an urgent need to raise returns in an over-politicised, over-regulated, but under-profitable German banking system.

The unpoliticised, not over-regulated, and uber-profitable Anglo banking system was under no urgent pressure to raise returns and therefore did no dabbling in subprime, right?

by afew (afew(a in a circle)eurotrib_dot_com) on Wed Nov 21st, 2007 at 04:23:06 PM EST
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