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

David Nutt, the former 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 banking crisis was caused by cocaine use claims Dr Nutt

The banking crisis was caused by cocaine use claims Dr Nutt Photo: REX

By Nick Britten

3:10PM BST 14 Apr 2013

Prof 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.” Continue reading