Tuesday, January 22, 2008

State-sponsored media: The City and the Credit Crunch

The City: Is the Party Over?

Greg Wood reports on the effect of the credit crunch on the City. From the trading floors of Canary Wharf to the private equity Houses of the West End, he hears tales of fear, greed and the most serious convulsion to hit the City in a generation as bonuses are cancelled and jobs cut. Is the party over for one of Britain's major industries, and is the rest of the nation going to have to pick up the bill?

Posted by dohousescrashinthewoods @ 09:39 PM (486 views)
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