You do notneedbankers to be poorly monitoredorover-incentivisedforsuchcycles to work: financeknew booms and manias longbeforedepositinsurance, bankrescuesorbonuses.
Brad Maione,with New York's Department of Taxation and Finance, says the agencies have been conducting long-term undercover investigations.
VOA: standard.2010.08.11
IPPs are fiendishly complicated deals to arrange, requiring long-term finance from lenders, long-term agreements with utilities to buy the electricity and long-term deals with energy firms to supply the fuel.
In other words, it is the latest initiative to provide the financial bridge that British industry has wanted for more or less as long as I have been conscious of the existence of British industry, viz long-term finance for growing companies from the institutions that invest for the long term.