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Out of Pocket: How Collective Amnesia lost the world its wealth, again

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I started writing this book three years ago to amuse my fellow bankers. Little did we all know what was about to happen. But we should have. Sorry.' CLARK McGINN. Cliches are the fossils of wisdom. That's why we ignore them. Particularly those with warnings ('the value of your investments may go down as well as up') and especially in the happy days of a financial boom. Shock! Horror! The cliche was true and we are left staring into a crater once known as the financial markets. This has happ...