Monday, May 28, 2007

Banking quote

The latest issue of the Economist has a terrific quote: Better to have loaned and lost than not to have loaned at all.

They are making a point about banks having to take risk. But if you are with a public sector bank and have loaned and lost, try making this argument to the Vigilance Officer or, if your luck is really bad, the CBI!

1 comment:

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