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Barclays Diamond needs more humility
It was predictable that Bob Diamond of Barclays – a big global firm with an investment bank – would not be a fan of President Obama's ideas for structural reform. Diamond's irritating line, however, was the one about being "immensely proud" that Barclays survived the crisis without taking direct bailout money. Come on, Bob: have you forgotten already that Barclays would have collected the ABN Amro basket-case if Sir Fred Goodwin hadn't shown up? Less pride, more humility, please.
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