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"If you're poor (the new middle class) you are already surviving in the 'permanently damaged' side of the economic activity equation, as well as asymmetrically informed, non-invested and unable to change your situation regardless of the educational level attained..."
By camus_deferral on Fear of bubbles hides the danger of stagnation
"A first useful step in improving the governance of financial markets. As much as I sympathise with those that would have preferred retroactive application, the value of the legal principle of 'no' retroactivity is worth preserving in a democratic society."
By Paul N. Goldschmidt on UK bankers face tough bonus clawbacks