“notably the 1999 repeal of the US Glass–Steagall Act – allowed commercial banks to become investment banks as well. In addition to investing their depositors’ money, they became highly leveraged speculators in the newly developed securities,” — Robert Skidelsky Copy Share Image
“By the end of 2007, UK household debt had reached 177% of disposable income, mortgage debt 132%. Martin Wolf wrote in the Financial Times in September 2008” — Robert Skidelsky Copy Share
“notably the 1999 repeal of the US Glass–Steagall Act – allowed commercial banks to become investment banks as well. In addition to investing their… — Robert Skidelsky Copy Share
“The UK office for National Statistics has identified the things that matter most for happiness as "health, relationships, work, and the environment" - a… — Robert Skidelsky Copy Share
“...You haven't I suppose ever mixed with politicians at close quarters. They're awful...their stupidity is inhuman.” — Robert Skidelsky Copy Share
“Kanjorski claims to be repeating an account of events given to him by US Treasury Secretary Henry Paulson and Fed Reserve chairman Ben Bernanke:… — Robert Skidelsky Copy Share
“The securitization of mortgages was not new; its explosion after 2000 was the result of three deregulating policy decisions: the repeal in 1999 of… — Robert Skidelsky Copy Share
“If only one person were perfectly informed there could never be a general crisis. But the only perfectly informed person is God, and he… — Robert Skidelsky Copy Share
