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Friday's Quote of the Day

09:16 UK time, Friday, 28 August 2009

"This was a bankogenic recession" - Boris Johnson

Bankogenic recession is a bit of a favourite phrase for the London mayor, who first coined it back in December in an interview with the Times. And on Thursday, the London mayor told BBC Radio 4's World at One: "It was caused by bankers being reckless and making mistakes. They can't keep paying themselves stonking great bonuses and not expect there to be some sort of political comeback."

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