I don’t know how it’s going to happen, but I know it will. A new financial order is emerging which will be radically more transparent than the system which has not fundamentally renovated itself since the crisis of 2008. PPI scandals. Libor rigging. On and on it goes. The financial services industry fundamentally lost sight of the simple fact that it is not an industry; it’s a service industry to industry. Its job is to back the industrialists of the day.
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