“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.