The start of 2007 should have been the start of a financial crisis, writes cnn's richard quest. But we had averted the worst aspects of the sharp rises in property prices, he says. Quest: the banks were overstretched, and bluntly told to pull their necks in. Instead of a major crash, they suffered a short and sharp minor crash, he writes.
The start of 2007 should have been the start of a financial crisis, writes cnn's richard quest. But we had averted the worst aspects of the sharp rises in property prices, he says. Quest: th…