From The FT:
Sir, Why are bookmakers apparently so much better at risk control than investment bankers?
Ian Maitland, London SW1, UK.
Christmas Day: readings for Year C
10 hours ago
Friday, 23 September 2011
Reader's Letter Of The Day
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4 comments:
Answer, because it is their money not the tax payers.
Because there are risks to them, of course.
Because there isn't a government funded agency supplying the prices.
Because there's a commons in credit, not in punters.
AC1
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