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AuntieColleen

Listed below are comments made by AuntieColleen between Thursday, 16th October 2008 and Thursday, 16th October 2008.

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Does anyone have $55 trillion to spare? 7:47pm on 16 Oct 2008 Once again the thin line between sharp, canny business practice and outright criminality has been breached. (The line is so thin now that it can only be seen by an electron microscope.) There's plenty of blame to go round. We ought to bear in mind that the old notion of fiduciary responsibility belongs to all of us: high fliers and High Street investors alike. If the regulators were too reticent to reign in the derivitatives/collateralized debt markets, we should have held Brown's feet to the fire as Chancellor and stopped worshiping at the Temple of Greenspan.
Now there's Hell to pay and we've been handed the bill. What a surprise! Will the City bankers end up in the dock? I think not. Two generations hence this debacle, too will be forgotten.

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