'I saw the angel in the marble and carved until I set him free'
I think that about sums it upExcept ... what of the 'designers' of the disfunctional regulatory framework ?
That would be our Leader ND, who failed to ensure the transfer of the macro economic research department to a regulatory structure essentially concerned with macro economics. Of course, some do not accept that the failure of Northern Rock has any systemic financial characteristics at all, any more than did Barings. Me, for instance.
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