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Crises are precedent-setting and the resolution tends to become the new normal.

Unfortunately, we seem to have idiots in charge of resolving the current crisis.

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010

by Migeru (migeru at eurotrib dot com) on Fri Dec 3rd, 2010 at 07:08:58 AM EST
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