Michael said to me recently: Money is good but credit cards are gooder. With credit cards you can buy anything you want and you don’t have to pay any money.
I tried to put him right but he explained to me that he had seen credit cards in operation in the toy shops and knew that his approach worked. I fear that he may not realise what people are saying about this attitude.
In his defence, he is only five. I hope the subordinated bond holders will let him off with a stern talking to.