Sunday, September 12, 2010

Barclays’ chief: investment banks ain’t casinos. For sure.

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 (1045 views)
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One thought on “Barclays’ chief: investment banks ain’t casinos. For sure.

  • 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 ….

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