The banking crisis is nowhere near over: tottering balance sheets hold 440% of UK GDP, with £30 of debt for every £1 of assets.
Jesus. Crippled Jesus Christ on a bike.
There\’s a line in Polly\’s latest book which says something like …..those who are so far out of touch with reality, should we really listen to what they say on matters of political import? (and I paraphrase, apologies)……
To not know the difference between assets and capital in banking. Should we be listening to anything she says on such matters of political import?
And to think that none of the editors or the subs at The Guardian caught it.