April 10, 2009

Quotation of the Day

Paul Krugman on making banking boring,

Part of the problem is that boring banking would mean poorer bankers, and the financial industry still has a lot of friends in high places. But it’s also a matter of ideology: Despite everything that has happened, most people in positions of power still associate fancy finance with economic progress.

Posted by Duane Smith at April 10, 2009 10:13 AM | Read more on Current Events |

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