27 August 2009

Downsizing the financial sector

It happens rarely, but sometimes it does: Influential people from politics and finance speak up with ideas that are not too far from my view. The latest example is Lord Turner, chairman of the Financial Services Authority in London, who says the financial sector in the city has grown too big and needs to be cut to a socially reasonable size, possibly by imposing taxes.

Good luck, Mr. Turner!

No comments:

Post a Comment