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Mon 09 Sep 2008Bankers chasing profits selling us all short
After the latest financial squalls there is talk of a return to traditional banking. Could it ever catch on, asks Ann Marie Hourihane
THE ONLY time I understand economics is when there is a disaster. Even now I have my blind spots. It was Friday before I discovered that that great American bank, Wachovia, was not in fact called Watch Over You or, as the view got darker, Walk Over You. On the other hand I thought anything called Standard Poor's had to be a joke, which it is not. It's difficult.
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