It's as if people used the invention of seat belts as an opportunity to take up drunk driving.
John LanchesterThe financial system in its current condition poses an existential threat to Western democracy far exceeding any terrorist threat.
John LanchesterIn an ideal world, one populated by vegetarians and Esperanto speakers, derivatives would be used for one thing only: reducing levels of risk. The list of individual traders who have lost more than a billion dollars at a time betting on derivatives is not short.
John Lanchester