"If you don't fully understand an instrument, don't buy it. If you would not buy yourself a specific product, don't try to sell it. Ifyou 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 Botin - Chairman of Santander
...the best summary of the banking woes I've seen so far
Tuesday, September 9, 2008
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