Nutt Says Financial Crisis Caused By Drug-Taking Bankers

Question Mark

Hmmm - so it wasn't the U.S housing market after all.

David Nutt, the former UK Government drugs tsar sacked after claiming that horse riding was as safe as taking ecstasy, has said that the banking crisis was caused by too many workers taking cocaine.

The Daily Telegraph reports that Professor Nutt said that too many bankers who took the drug were 'overconfident' and so 'took more risks' and said that not only did it lead to the current crisis in this country, but also the 1995 collapse of Barings bank.

He said cocaine was perfect for their 'culture of excitement and drive and more and more and more', adding: 'Bankers use cocaine and got us into this terrible mess. It is a 'more' drug'.

Professor Nutt is not a stranger to making controversial claims about drugs. His latest attack is on the Government for 'absurd' and 'insane' laws dealing with magic mushrooms, ecstasy and cannabis, which he said were hindering medical research because regulations meant one of the ingredients - psilocybin, which is used to treat depression - was so hard to get hold of.

Hit the link below to access the complete Daily Telegraph article:

Financial crisis caused by too many bankers taking cocaine, says former drugs tsar

April house prices hit record high

Dismissal claims spike ahead of job law change

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News