As mentioned on The Panel this afternoon …
John Bird and John Fortune on market sentiment, market salaries, structured investment vehicles (a.k.a. dodgy debts) and rewarding greed and stupidity:
“US Treasury Secretary Henry Paulson has taken his case for an unprecedented US$700 billion bailout of financial markets to the American people, saying it was needed to prevent further damage to an already fragile economy.”
They picked it!
It’s over four years now since we got back from living in the UK and I still miss their show.