Tuesday, October 7, 2008
Telling it How it Is, banks have a solvency crisis
BBC just interviewed George Cooper (see article) a hedge fund manager who told the world that British Banks, Global Banks even don't have a liquidity crisis THEY HAVE A SOLVENCY CRISIS. Dr. George Cooper is a principal of Alignment Investors a division of BlueCrest Capital Management Ltd. He was born in Sunderland and studied at Durham University. George has worked as a fund manager at Goldman Sachs and as strategist for Deutsche Bank and JPMorgan. He lives in London with his wife and two children.