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Words We All Understand

October 22, 2009

Mervyn King also does not mince words.  In a major speech last night, he said, “Never in the field of financial endeavour has so much money been owed by so few to so many. And, one might add, so far with little real reform.” (full speech)

Mr King is head of the Bank of England.

Too big to fail is now too big to regulate and should mean to big to exist.

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