Files under General | Sep
15th
In a brilliant leader (The Lehman Collapse: One Year On The market economy has survived a panic born of bankers’ hubris) The Times of London says:
The principal fault in the crisis lies with the bankers.
They failed to understand the risks that they took on and thereby almost toppled the Western financial system.
It is a measure of the resilience of capitalism that, by luck as well as judgment, the market economy has survived their handiwork.
Spot-on!
Tags: Bankers, Leader, Lehman Brothers, London, THE TIMES