Banks lending money to governments to help fund bank bailouts looks horribly circular
The structural issue that could cause the world's market of last resort to grind to a halt
Wednesday, September 3, 2008
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If you don’t fully understand an instrument, don’t buy it. If you would not buy for yourself a specific product, don’t try to sell it. If you don’t know very well your customers, don’t lend them any money. If you do all these things, you will be a better banker, my son
Emilio Botín, chairman of Santander, gives advice to bankers on how to avoid a crisis while accepting Euromoney’s best global bank for 2008 at the Awards for Excellence dinner