"He's a snake in the grass, I tell ya guys; he may look dumb but that's just a disguise; he's a mastermind in the ways of espionage." Charlie Daniels, "Uneasy Rider" John Quiggin, moral hazard - TT's Lost in Tokyo

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Rot at the Core: John Quiggin says that to stop banks from engaging in risky activities we need to outlaw investment banking by TokyoTom

I commented last week on a blog post by leftist Aussie economist John Quiggin , who blamed the financial collapse on investment banks, and suggested that either: (i) investment banking should be much more heavily regulated ("Properly done, regulation...