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“Building up another bubble on the bond markets”

“Moral hazard doesn’t exist anymore…”… so sayeth the Euro crowd…

President Obama… you’re smart enough to understand “banker code”… call up Adair Turner if you need a decoding kit…

This video from Bloomberg shows Karsten Schroeder, chief executive officer of Amplitude Capital LLP, talking about risk-taking by banks and the condition of credit markets.¶

¶ Central bankers will hold talks with banking executives at the Bank for International Settlements in Switzerland this weekend amid concern financial companies are rebuffing a push to increase regulation and temper risk-taking as the financial crisis ebbs.  Schroeder speaks in Zurich.