The 2008 Financial Crisis Was Caused By Bankers On Cocaine Binges – Professor

15 Apr 2013 by Jasmine Stone in Finance, Money

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The British Government’s former top advisor on narcotics, Professor David Nutt has claimed that the global financial crisis of 2008 was caused by widespread overuse and abuse of cocaine in the finances industry.

The telegraph, has more:

Prof Nutt said that too many bankers who took the drug were “overconfident” and so “took more risks” and said that not only did it lead to the current crisis in this country, but also the 1995 collapse of Barings bank.

He said cocaine was perfect for their “culture of excitement and drive and more and more and more”, adding: “Bankers use cocaine and got us into this terrible mess. It is a ‘more’ drug.”

In 2009, Nutt was fired from his post as a narcotics policy advisor to the UK government for stating that taking ecstasy was basically as safe as horse riding.

That is phenomenal.

[Source : Telegraph]

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