Sunday, Sep 12, 2010
Barclays' chief: investment banks ain't casinos. For sure.
Greg Pytel: Investment banking perverse casino model
As The Telegraph reported: "Bob Diamond, the new chief executive of Barclays Bank, has turned on critics of "casino banking" saying that the use of the term "has no basis in reality" (http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7996559/Barclays-Bob-Diamond-says-casino-critics-have-no-basis-in-reality.html). Mr Diamond is right. Such use of the term is an insult to casino owners. As Pytel showed in his brief comment to Vince Cable it is a "perverted casino banking".
Posted by ant @ 07:28 AM (612 views) Add Comment
3 Comments
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2. paul said...
I've noticed the mainstream media is very quiet in general about the property market this week. When the market's doing well they shout it from the hilltops. When the property market's doing badly their voices disappear into the background ....
3. This comment has been removed as it was found to be in breach of our Blog Policies.