At the heart of banking is a suicidal strategy. Banks take money from the public or each other on call, skim it for their own reward and then lock the rest up in volatile, insecure and illiquid loans that at times they cannot redeem without public aid.

The Honourable James Buchan born 11 June 1954 is a British novelist and journalist. He was educated at Eton and Magdalen College Oxford and began his career as a Financial Times correspondent writing from the Middle East Germany and the United States. Biography
Buchan is the son of William Buchan 3rd Baron Tweedsmuir and grandson of John Buchan 1st Baron Tweedsmuir the Scottish novelist and diplomat.