April 28, 2011

Neville Chamberlain’s Munich vs. Regulator Draghi’s Basel

Sir reading your “Draghi does it best”, April 28, makes me want to ask: How come a Neville Chamberlain coming back from Munich with his “Piece in our time” was booted when the war broke out, even though the war was not his fault, while those who came back from Basel with their “Never a bank crisis in our time” are still praised, even when they did cause the crisis?

What kind of intellectual strangle lock do these regulators have on a Financial Times?