The Tyngewick Gawcott blog reproduces a letter from Mike Page of Portsmouth University that has appeared in the FT. It makes the case for abolishing
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This is our Paulson moment
It is staggering that the Treasury’s package for a banking bail out does not involve the appointment of directors to manage those banks will received
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My del.icio.us bookmarks for October 7th
These are my links for October 7th: Entrepreneurs look offshore in ‘mad state of panic’ – Accountancy Age – This is a very strange article
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The task facing the new directors of the UK’s banks
Tomorrow morning I expect substantial equity injections by the UK government into at least four major banks. In exchange we should be seeing a raft
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Australia cuts interest rates by 1%: so should we
Australia has cut interest rates by 1%. In the UK Alastair Darling pleads with Mervyn King to cut rates but is doing nothing to back
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The bail out: what we want
I said it on Sunday, and I’ll say it again now, any bail out of the banks has to have enormous conditions attached. They are
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We should have nationlaised banks in the morning.
Tomorrow morning it seems likely that £50 billion will be injected into the banking system. Tonight the market capitalisation of RBS is £14.9 billion. Barclays
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Isn’t it time for the Chairman of Lloyds and Barclays to resign?
At the weekend Gordon Brown appointed a National Economic Council to see us through the credit crunch. It includes Marcus Agius, chairman of Barclays, and
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Get rid of tax havens now
Yesterday’s call on this blog to neuter the world’s tax havens has transferred to the Guardian today. As Larry Elliot says: Robert Zoellick, the World
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