The end of Thatcher’s experiment with ‘reckless banking’?

Nick Cohen with a pithy sign off on the banking crisis:

Margaret Thatcher had the annoying ability to produce quotes that even her opponents had to admire. “The trouble with socialism,” she said, as she began the west’s experiment with reckless banking, “is that you eventually run out of other people’s money.” We have learned the hard way that it is the trouble with financial capitalism too.

Mick is founding editor of Slugger. He has written papers on the impacts of the Internet on politics and the wider media and is a regular guest and speaking events across Ireland, the UK and Europe. Twitter: @MickFealty

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