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Thirdly, as the CRESC researchers note, rebalancing the economy actually needs a smaller investment banking sector.
2007) 'The metamorphosis of mass savings into financial capital: financialisation and the cultural economy of funds', in Re-Thinking Cultural Economy, CRESC, University of Manchester.
The CRESC policy briefing argues that these deep-seated problems won't be solved by firing a few top bankers, prosecuting a few white-collar criminals, or even by conducting an inquiry into the workings of LIBOR, necessary though all these are.