Sunday, Oct 07, 2007
There is a God !!!
Telegraph: Fear and loathing over jobs in the City
Banks are taking the axe to staffing levels. And bonuses are next, writes Helen Power. In recent years a whole industry has sprung up in the City dedicated to parcelling up debt with ever more exotic names. Bankers have been dumping these packages into lucky-dip buckets of yet more debt – called collateralised loan obligations. But that, in the words of one City figure, was before "sub-prime became HIV".
Posted by cheeky charlie @ 09:54 AM (178 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.