reuters: Credit crunch sends shivers across nanny market

Watch out Mary Poppins, the hurricane howling through the world's financial markets is starting to be felt in the rarefied world of the British nanny.
As bankers and money dealers fall like flies to a credit crunch that has seen three major U.S. investment banks disappear in a puff of smoke, so the nannies they have employed on salaries of up to 40,000 pounds ($73,000) have suddenly become expensive luxuries.
"The problems are just starting. In the last week or two I have started getting calls from nannies saying one or both of their employers have lost their jobs and so they have too," said Kate Baker of Abbeville Nannies in south London.