Quote of the day: Willem Buiter – Tits on a bull

Willem Buiter has a very useful and provocative blog at the Financial Times website called Mavercon.  The Dutch-born former Bank of England MPC member is not afraid to take policy makers to task or call a spade a spade.

In his latest post on why banks are refusing to lend to creditworthy customers, he has some useful insights and a very memorable quote:

Banks that don’t lend to the non-financial enterprise sector and to households are completely and utterly useless, like tits on a bull.

Buiter is always interesting, sometimes provocative and often hilarious.

Source
Tits on a bull – Willem Buiter, FT Mavercon