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Quote of the week: “Sorry, Ma’am…”

27 Jul

This is how we let the credit crunch happen, Ma’am …

In summary, Your Majesty, the failure to foresee the timing, extent and severity of the crisis and to head it off, while it had many causes, was principally a failure of the collective imagination of many bright people, both in this country and internationally, to understand the risks to the system as a whole.

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Posted by on July 27, 2009 in British, economic crisis

 

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