Wednesday, July 15, 2009

Their Title Said It All

Five big banking balls-ups

1) Relying on the securitisation market 2) Ridiculous lending policies 3) The bonus culture 4) Listening to the rating agencies 5) Carrying on regardless

Posted by sybil13 @ 05:53 PM (780 views)
Please complete the required fields.

2 thoughts on “Their Title Said It All

  • Glad we’ve learned our lessons and aren’t condemed to repeat these mistakes.

    Please complete the required fields.

  • Balls ups? They knew what they were doing. Everyone in the game knew they were working with accounting fictions. The only excuse is that many fund managers who weren’t in the vanguard were under pressure to match the returns of those who were. The bailouts were prepared well in advance and announced with the usual wartime emergency rhetoric – Bush’s “there will be ample time to debate the origins of this problem, now is the time to solve it.”

    Please complete the required fields.

Add a comment

  • 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
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>