My del.icio.us bookmarks for September 9th
September 10th, 2008
These are my links for September 9th:
- Financial Armageddon: Let's Give them a Hand - This one is pretty much priceless.
Rather like the stocks they were tipping pretty much now are.
- New Statesman - Real passion at the TUC fringe - Set up this new political party, true to the values of socialism. Or transform the Labour Party along the same lines. But for goodness sake stop talking about it and get on with doing it.
- BDO confirmed as Northern Rock valuer - Accountancy Age - Ne'er will so much have been paid to say 'nothing'
- FT.com / Companies / Financial services - US move triggers CDS default - The risk is small, but the indication of the systemic risk in the current financial system is high.
What's really worrying is that for all the talk of their being financial markets there's no such thing. That's history. There's just a system from which a selected few cream an excess reward.
The challenge is now how to deal with that.
Will new administrations rise to that challenge? I'm not optimistic.
- FT.com / In depth - LSE suffers huge outage - But according to the media all IT failure is in the public sector.
Why is that?
- Nobody can handle the truth about PFI | Opinion | The First Post - I can: I know it doesn't work. The reason is simple. When the companies providing the finance go belly up the government will bail them out. There has been no risk transfer. In that case the price paid for it has been wasted.
