A better question is, where do they keep finding such gullible lenders?
That The Economist, the City of London's answer to Pravda, published this article at all is telling.
That The Economist, the City of London's answer to Pravda, published this article at all is telling.
Do you mean it's extremely left wing? Or pro-authoritarian capitalist? Or the most left-wing publication you can find in an otherwise capitalist group?
But I do think it's a bit of hyperbole in a way, although I'm only tangentially familiar with the publication.
Pravda is both the Russian word for ‘truth’ (правда) and was/is a publication advancing the interests of the USSR/Russian state establishment.
The ‘economist’ implies a similar ‘truthfulness’ (it must be right about the economy if it’s an economist!) and advances the interests of the London financial establishment.