London Banker
Wednesday 20 March 2013
Chop Off Their Hands . . .
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President Truman famously called for a one handed economist. The Carolingian kings of France would have accommodated him. They realised th...
11 comments:
Friday 20 July 2012
For Want of a Nail, the Ship Was Lost
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Imagine a great ship dominating the skyline on a distant sea. Imagine the complexity of that ship: keel, ribs, planks, masts, spars, and ...
17 comments:
Tuesday 10 July 2012
Lies, Damn Lies and LIBOR
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I've been hesitant to write about the LIBOR scandal because what I want to say goes so much further. We now know that Barclays and othe...
35 comments:
Tuesday 29 May 2012
"Heads I win, tails you lose."
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I was at a private lunch in the City some 15 years ago discussing whether hedge fund investments should be considered a new and distinct ass...
9 comments:
Tuesday 13 March 2012
Your Bank: Fiduciary or Predator?
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In the old days when banks were local, and owned either as partnerships or mutuals, bankers had a stake in promoting the prosperity of their...
22 comments:
Tuesday 6 March 2012
Complexity Costs
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I have had to deal with the idiocy of modern financial regulation rather more than I would like lately. The issue involves FSA regulations ...
7 comments:
Tuesday 7 February 2012
Greece - Cutting out the Middle Man
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It seems that central bankers and politicians are endlessly resourceful when it comes to innovating ways to profit themselves and bankers at...
17 comments:
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