"Allowing investment banks to be leveraged to the tune of 30 to 1 is the equivalent of playing Russian roulette with five of the six chambers of the gun loaded. If one adds the off-balance-sheet liabilities to this leverage, you might as well fill the sixth chamber with a bullet and pull the trigger." - Michael Lewitt
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Articles on topics such as globalization, the economy, science and technology, society and culture.
A notebook in blog format, for personal reference.
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