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There's an interesting little story that's been picked up from a Vince Cable article back in October, where he wrote: "One of the first recognisably modern financial crises was the South Sea Bubble in 1720. Many thousands of sane British citizens – including Sir Isaac Newton – invested their savings in a scam and were…

There's an interesting little story that's been picked up from a Vince Cable article back in October, where he wrote: "One of the first recognisably modern financial crises was the South Sea Bubble in 1720. Many thousands of sane British citizens – including Sir Isaac Newton – invested their savings in a scam and were…

Tomorrow is Abraham Lincoln’s 200th Birthday so it’s good that Tim Giethner, the US Treasury Secretary, has called for $2 trillion, as that's $20 billion to celebrate each year since Mr. Lincoln was born. That's not why he's called for it of course, it's to further sort out the financial system and comes on top…

Tomorrow is Abraham Lincoln’s 200th Birthday so it’s good that Tim Giethner, the US Treasury Secretary, has called for $2 trillion, as that's $20 billion to celebrate each year since Mr. Lincoln was born. That's not why he's called for it of course, it's to further sort out the financial system and comes on top…

I would post a review of the appearance of the former Chairmen and CEO's of RBS and HBOS in front of the Treasury Select Committee, but these headlines say it all: RBS Board Could Have Stopped ABN Takeover, Ex-Chairman Says Bloomberg – USA What the bankers said guardian.co.uk – UK The questions for the former…

I would post a review of the appearance of the former Chairmen and CEO's of RBS and HBOS in front of the Treasury Select Committee, but these headlines say it all: RBS Board Could Have Stopped ABN Takeover, Ex-Chairman Says Bloomberg – USA What the bankers said guardian.co.uk – UK The questions for the former…

The former chief executives and chairmen of RBS and HBOS are being called to account by the Commons Treasury Select Committee. Sir Fred Goodwin and Sir Tom McKillop, respectively the former chief executive and chairman of RBS, are joined by Andy Hornby and Lord Stevenson of Coddenham, the former chief executive and chairman of HBOS….

The former chief executives and chairmen of RBS and HBOS are being called to account by the Commons Treasury Select Committee. Sir Fred Goodwin and Sir Tom McKillop, respectively the former chief executive and chairman of RBS, are joined by Andy Hornby and Lord Stevenson of Coddenham, the former chief executive and chairman of HBOS….

Thanks to Paul Kedrosky’s Infectious Greed and Scott Loftness for linking me up with this video: At 2 minutes 10 seconds into the video, Paul Kanjorski of Pennsylvania explains how the Federal Reserve told Congress members about a “tremendous draw-down of money market accounts in the United States, to the tune of $550 billion dollars.” According…

Thanks to Paul Kedrosky’s Infectious Greed and Scott Loftness for linking me up with this video: At 2 minutes 10 seconds into the video, Paul Kanjorski of Pennsylvania explains how the Federal Reserve told Congress members about a “tremendous draw-down of money market accounts in the United States, to the tune of $550 billion dollars.” According…