Those customers who remained at SVB have now followed a familiar path in the wake of a meltdown, by simply being shuttled into a new lender courtesy of regulators.
Not a single banker has been prosecuted for the 2008 crisis, whereas hundreds of bankers went to jail following the US savings and loan scandal of the 1980s.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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