You know what would have made the financial crisis even more exciting? A proliferation of smaller British banks begging for a little help or full-on nationalization. In any event, the FSA is apparently going to keep busy right up until the moment that George Osborne shuts the lights.
Maybe this is just an effect of distance or translation, but one thing I really like about reading the fulminations of European politico-financey types is that they are savvier than their American counterparts about who to pick on. I never see a European politician or central banker quoted in the FT attacking poor children. They’ve […]
Will the last person to leave Britain please turn out the lights?Not too many years ago, there was a serious discussion going on as to whether London had surpassed New York as the world’s great financial center. Unfortunately for proponents of the former, the U.K.’s European “allies” seem hell-bent on ensuring that the Big Apple […]