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Monday, October 13th, 2008 08:37 am
Here's a thought. How much of this worldwide banking crisis thing is due, not to deregulation or over-regulation¹ or regulations inadequately applied, but simply to the fact that all the movers and shakers in banking work insane hours, are either massively sleep-deprived or addicted to stimulants or both, and consequently make really stupid decisions?

¹ I've heard this seriously claimed, but for the life of me I can't follow the logic. Perhaps one of you can enlighten me?

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