There's a really old joke about cows that explained different economic models. You probably have seen it, but just in case: SOCIALISM You have two cows. You give one to your neighbour. COMMUNISM You have two cows. The State takes both and gives you some milk. FASCISM You have two cows. The State takes both and sells you some…
A range of related news hits the desk today, from the likelihood that banks will be offering interest-free mortgages, as interest rates hit zero, to the opposite end of the scale where savers will be paying their bank to look after their money in the future. Savers paying to have their money held by a…
A range of related news hits the desk today, from the likelihood that banks will be offering interest-free mortgages, as interest rates hit zero, to the opposite end of the scale where savers will be paying their bank to look after their money in the future. Savers paying to have their money held by a…
A range of related news hits the desk today, from the likelihood that banks will be offering interest-free mortgages, as interest rates hit zero, to the opposite end of the scale where savers will be paying their bank to look after their money in the future. Savers paying to have their money held by a…
Well, you think the New Year will change things, but the news headlines are continuing with the same themes: jobless going up, inflation going down, interest rates going down and down, and Bernie Madoff going down for a very long time. A few headlines did catch my eye this morning though, apart from the FSA's…
Two or three great lists were published over the holidays, such as the Top 11 CEO Firings of 2008 from Forbes magazine. Strangely enough, 7 of the top 11 were bankers and financiers: Richard Fuld, Lehman Brothers; Martin Sullivan, AIG; Kerry Killinger, Washington Mutual; Ken Thompson, Wachovia; Richard Syron, Freddie Mac; Daniel Mudd, Fannie Mae;…
Two or three great lists were published over the holidays, such as the Top 11 CEO Firings of 2008 from Forbes magazine. Strangely enough, 7 of the top 11 were bankers and financiers: Richard Fuld, Lehman Brothers; Martin Sullivan, AIG; Kerry Killinger, Washington Mutual; Ken Thompson, Wachovia; Richard Syron, Freddie Mac; Daniel Mudd, Fannie Mae;…
Two or three great lists were published over the holidays, such as the Top 11 CEO Firings of 2008 from Forbes magazine. Strangely enough, 7 of the top 11 were bankers and financiers: Richard Fuld, Lehman Brothers; Martin Sullivan, AIG; Kerry Killinger, Washington Mutual; Ken Thompson, Wachovia; Richard Syron, Freddie Mac; Daniel Mudd, Fannie Mae;…
