Bankers told to do their jobs in Dubai
Good Grief! It appears that bankers will not be saved in Dubai!
That means they’ll actually have to do their jobs – assess risk, take losses where they’ve lent too much and negotiate with debtors when they default.
It’s been so long since they’ve actually had to do their jobs, rather than being bailed out 100 cents in the dollar by corrupt sycophantic governments, do they even remember how to talk to a debtor?
How… inconvenient.
Categories: Central banking, Money As Debt, Moral Hazard
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