These are my links for September 26th through September 27th:
- re: The Auditors: My Clients Are Failing, My Clients Are Failing – Francine's analysis adds meat to my bones
She sure knows how to hit
- FT.com / World – Church accused over short selling – If true, it's well founded criticism
I have been massively disappointed by the approach of the Church Commissioners to ethics in the past. Christian ethics are not just for Sunday. It's a lesson they need to learn.
- FT.com / Companies / Financial services – Fortis suffers amid liquidity speculation – There's no way Belgium can bail Fortis out
What happens then?
- FT.com / Companies / Financial services – Nomura offers bonuses to Lehman staff – Will they ever lean?
- FT.com / World – Big banks delay decisions on bonuses – "Morgan Stanley and Goldman Sachs are delaying their decisions about year-end bonuses as they struggle with the financial crisis. "
What's staggering is that they're even thinking about this right now.
Doesn't that show just exactly what they've been about?
- FT.com / World – Sarkozy sets out bigger state role – Unless he goes against tax havens none of this will happen or make sense
One Response to “My del.icio.us bookmarks for September 26th through September 27th”
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Richard,
With all the rage on the other side of the Atlantic there indeed has not been (or it has been heavily buried) as much coverage of the European liquidity situation (something which can be summed up in one word, next). Outside of the banking problems in the UK, have there been any “clues” around like this Fortis article?
While based on nothing, the mind wonders back to SocGen and the “rogue trader” episode which chronologically kicked off this annus financius horribus. These problems are without a doubt in European banks w/o the back-up of a strong under-lying “real” economy to fall back on. It will not be pretty once it kicks off.
As it relates to the Morgan/Goldman article, perhaps after a very long week the FT decided to try its hand at a bit of Onion-esque reporting? While totally within their right to do so, probably not the best PR move to bemoan the issuance of bonus’ in this environment.