London's Burning

Posted by John Carney, Aug 14, 2008, 1:09pm

Remember when London was the the new New York, and the City the New Wall Street. Well you don't hear that much anymore.

"Now, however, the British capital is mired in as great a crisis as New York's--and things are about to get worse, making a mockery of the insecurity complex regarding Britain that hit U.S. business leaders just months ago," Jesse Eisinger writes in Portfolio.

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