11th March 2010

Lessons from the bail-out

Editor

Was there ever greater proof than the last fortnight’s events for Kahn’s Law: ‘The rich get rich and the poor get poorer’. The world’s bankers who have brought us to this crisis walk away with millions, while ordinary taxpayers foot the bill. No-one should be surprised. As for saving your own skin, the best advice may be Swanson’s. ‘When the water reaches the upper deck, follow the rats.’

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