Do not rely on bankers

08/03/2009 § Leave a comment

 

There is another argument, implicit or explicit, for the nationalisation of banks; we can not trust bankers not to leave with the cash, let alone spend any of the assistance provided by the government in the public interest. Two recent studies that analyse the experience of recent years show that bankers will not hesitate to enrich themselves at the expense of the public if they have the opportunity.

Do not rely on bankers | vox – Research-based policy analysis and commentary from leading economists

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