Treasuries are full of morons

An inflammatory quote in the Financial Times generated outrage, eye rolls, and measured defence of bankers by treasurers.

By Dan Bland

Dec 16, 2013

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"Just drop the words ‘Basel III’ and the whole conversation is very friendly and no one does the back-of-the-envelope calculation. The client doesn’t want to do simple calculations because treasuries are full of morons."

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