I suspect that the risk management in 2008 is that if there were no bail out who or what would fill the void? Our oriental friends would be in there like a rat up a drain pipe. Australia's banking system has much to comment it with far lower levels of leverage permitted and so more robust deposits in the Reserve Bank.
Berkshire Hathaway has had a nice run at Goldmans. I wonder whether he will stay on? Not his style to have too much politics associated with an investment!
You are viewing a single comment's thread from: