Jeremy Warner

When the Music Stops

Chasing Alpha: How Reckless Growth and Unchecked Ambition Ruined the City’s Golden Decade


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‘When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.’ This was Chuck Prince speaking in July 2007, weeks before the first tremors of the earthquake that has since shaken the financial markets and the world economy to their core. He was then boss of Citigroup, the world’s largest bank.

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