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his ver- sion of the deficit reduction strategy,” Graham said. There are parts that senators will support,
hardson; the Shelford, Rollins, Nibbs, Maduro and Smith families; and many other extended family and frie
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ransferring aggregate income and wealth to the financial- services industry. All this financial activity is just a deadweight on the system," says Mr Grantham. During the debt boom the optimists argued that the huge growth in derivatives did not add to risk in the system because every buyer was matched by
sick and was unable to work. He ended up owing £30,000. "You think if they are going to give it to me, I must be able to afford it," he recalls. Mr Mitchell tackled his problem before the bailiffs arrived. He took advice and applied for an IVA (individual voluntary arrangement), a British scheme that all
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