Our government is doing what it does best: farming off national interests to privately run enterprises. The new “UK Financial Investments Limited” company formed by the Treasury to look after the interests of the Royal Bank of Scotland, HBOS and Lloyds TSB will be headed by Sir Philip Hampton, the former finance director of, er, […]
Entries Tagged as 'Economics'
Banks and Debt: Current State of Play
November 3rd, 2008 · 1 Comment
$700 billion handout for willful ignorance
September 23rd, 2008 · 1 Comment
You know, it’s crazy. I used to work for one of the big investment banks. In fact, I was actually in their Risk IT department - we built the systems they used to evaluate risk on their investments. These banks ploughed a lot of cash into building these kinds of systems, employed some very smart […]
