Bankers have a bad habit of making economic cycles worse. They are notorious for lending people umbrellas when the sun is shining and asking for them back when rain starts to fall. […]
The new rules, Basel 2, may be more sophisticated in their treatment of risk but they rely heavily on models developed by banks themselves.
But it is hard to feel much sympathy for bankers who rake in fortunes during the boom and require taxpayers to help them out in the bust (or make central banks jump through hoops for them […]
Quelle: The Economist, 26. April 2008, „Joseph and the amazing technicalities“, S. 19f.
