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March 23 (Bloomberg) -- Bankers are resuming the risk- taking practices that led to the worst financial crisis in a century, threatening to create even worse turmoil, economist John Kay said.
For “so many people I talk to in the financial sector, it’s kind of, ‘Phew, we got away with it, now we can get on with making money in the same old way,’” Kay, a visiting professor at the London School of Economics, said in an interview yesterday. “If we do that we’re going to end up, probably quite soon, with an even larger version of the kind of crisis we’ve just been through.”