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look into what they had done in the past few years that might have
contributed towards our woes. Were our friends in the financial
world so blinded by the heat of the property and stock markets in
the late 70's and early 80's as to indiscriminately increase the
money supply through very aggressive lending policies? Were they
not too concerned about gaining a market share thus unwittingly
adding fuel to the fire resulting in the encouragement of more
speculative activities in the market place? Were they, in fact,
not responsible somewhat in supplying the knives that facilitated
some people to commit suicide? Such soul searching exercise
would, I am sure, help to provide a degree of balance to the
future development of our financial sector.
Managements of such
Thirdly, within any economic entity in this world, the
existence of a healthy financial sector, as mainly represented by
banks and deposit-taking institutions, is an important kingpin to
the stability and prosperity of that entity.
institutions, by virtue of the nature of their work, are normally
held in high esteem, and wields a lot more influence than other
members living within that community. Thus, they are likely to be
more exposed than others to a slightly narrower developments of
their perceptions of values. This could be one of the reasons
giving rise to the existence of a small number of black sheeps
within the community of bankers who have betrayed the trust and
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