Willem Buiter has a very useful and provocative blog at the Financial Times website called Mavercon. The Dutch-born former Bank of England MPC member is not afraid to take policy makers to task or call a spade a spade.
In his latest post on why banks are refusing to lend to creditworthy customers, he has some useful insights and a very memorable quote:
Banks that don’t lend to the non-financial enterprise sector and to households are completely and utterly useless, like tits on a bull.
Buiter is always interesting, sometimes provocative and often hilarious.
Source
Tits on a bull – Willem Buiter, FT Mavercon
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