From The FT:
Sir, Why are bookmakers apparently so much better at risk control than investment bankers?
Ian Maitland, London SW1, UK.
So What Will Be Done About The Officer?
24 minutes ago
From The FT:
Sir, Why are bookmakers apparently so much better at risk control than investment bankers?
Ian Maitland, London SW1, UK.
My latest blogpost: Reader's Letter Of The DayTweet this! Posted by Mark Wadsworth at 10:52
4 comments:
Answer, because it is their money not the tax payers.
Because there are risks to them, of course.
Because there isn't a government funded agency supplying the prices.
Because there's a commons in credit, not in punters.
AC1
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