From the Observer today: Opaque off-balance sheet structures hidden in secretive tax havens have helped to bring capitalism to its knees, but no one can
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Is this curtains for the Big 4?
From the Observer today, commenting on the failure of Dutch / Belgian bank Fortis: Fortis’s accounts were jointly audited by KPMG and PricewaterhouseCoopers – two
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This could kill the Channel Islands and Isle of Man – updated
The Guardian has reported: British savers with deposits in the Channel Islands have no protection for their money if their bank goes bust. After the
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A reflection for Sunday
From Michael Hudson comes the following. I offer it unedited: An unprecedented popular protest led Congress to reject the Treasury’s initial bailout plan on Monday,
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My del.icio.us bookmarks for October 11th
These are my links for October 11th: BBC NEWS | World | Americas | Bush plea for unity amid crisis – Let's be candid: they
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Do the ‘Ais’ have it?
I watched Digby Jones make a typical fool of himself on a news broadcast last night. He argued that he didn’t want to sit back
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Only on strict condition
The cheek of this article in the Jersey Evening Post is staggering: THE governments of major European banking centres are to be asked if they
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This weekend – expect the worst
The FT has reported: UK authorities insisted on Friday that action, not words, was needed from this weekend’s meeting of the group of seven leading
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My del.icio.us bookmarks for October 10th
These are my links for October 10th: FT.com / Companies / Retailing & leisure – Iceland woes prompt Baugur to seek clarification – I suspect
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