"I am not so naive as to think that all potential conflicts can or should be expunged from banking, " Volcker says.
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This suggests that perhaps those in charge were not so naive as the general public and that is a layer of the story that resonates with me.
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We are not so naive as to believe that nonsense.
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Georgia-Pacific is probably not so naive.
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In the early 1990s he had spent three years in Moscow as correspondent for the Philadelphia Enquirer, spoke Russian and liked to travel, so it is not surprising to find that he is more naive about fish than he is about Russia.
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And, just as it is too simple to lay all the blame at Mr Clinton's door, so it is naive to believe that the ratchet's effects will not outlive him.
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