Speaking of Barclays, its happy statement yesterday that it had only blown a billion or so on dodgy instruments and so there was nothing to worry about left me, I don't know, with a slight feeling that we haven't quite heard the end of this. Doubtless I'm wrong.
I am often reminded of the dictum of Christopher Fildes: giving capital to a bank is like giving beer to a drunk. You know exactly what he will do with it but you don't know which wall he will choose.
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