Summary
BETTER than printing money: just issue a junk bond. They find ready takers and can be used to finance colossal deals, which in turn generate stupendous bonuses.
You can see the attraction. Even so, Sir John Gieve, pictured, the Deputy Governor who watches over financial stability at the Bank of England, is not convinced that the risks are priced into the market.See the full content of this document
Extract
Wake Up to a New Year
We cannot expect, he r...
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