Sunday, August 3, 2008
Millions of people are worse off than a year ago due to the global credit crunch.
Those feeling the pain range from anxious homeowners on both sides of the Atlantic to harried stock market investors and worried employees of companies caught in the headlights of a slowing economy. The effects have not just been felt in people's pockets. For bank bosses, regulators and politicians, the damage inflicted has been to their reputation for competence rather than financial security. So who has lost most from the worst financial crisis in a generation?