There had been "failures galore" in the world of hedge funds, but all attempts of regulations had been rejected, because they would "interfere with the smoothworking of financial markets".
He told the High Court in Edinburgh that he always wore heavy duty gloves while working as a woodcutter and the safety equipment kept his hands "quite smooth" despite his manual outdoor labour.
If governments add to their debt burdens today, while the baby boomers are still working, they will have less room to borrow in the future to smooth out the cost of the baby boomers' retirement.
He will smooth the way for Treseder, allowing him to concentrate solely on coaching rather than logistics, and the working relationship between the two is key to the success of the programme going forward.