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Roger Bootle on banking: “they’re not competitive markets”

Roger Bootle sat down with the Telegraph and ran through a few themesregarding the stock market, the financial crisis, government debt, currencies and compensation in the financial sector.  He has a lot to say, in particular on banks, which he argues do not operate in competitive markets – one reason they pay so well. He argues there is a cartel of too big to fail institutions which should be broken up.

The video of his comments runs just over five minutes. Catch his book “The Trouble with Markets” at Amazon. A link to the article accompanying the video is below.

Does banking contribute to the good of society? – Telegraph

About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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