Vulture funds debate: We’ve been taught to hate the funds: let’s challenge that

Visceral hatred makes fertile ground to sow seeds of opposition to a reasonable course. If the sale is hampered the bank will remain broken and the consequences will be unfairly imposed on the next generation

4th March, 2018

I was struck when a financial journalist told me last week of what he called a “visceral hatred” of the banks.

The basis of “visceral” is that it is not intellectual. Rather, it is unreasoning or instinctive. Of course, the danger of this is that, precisely because it is not intelligent, the direction our gut will drive us in is, at best, uncertain.

The impetus for Brexit was “visceral”, as with...

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