Bankers deserve bonuses? You’re an idiot!
Thanks for all the comments providing the balance to my promotion of the idea that bankers deserve their bonuses yesterday. Here’s the contrarian view I could have put forward, but left out: How could you possibly agree with the idea that bankers deserve their bonuses, you schmuck? That’s just darned foolish, as bankers just do…
Fred the Shred becomes Fred the Tread?
There’s a wonderful rumour that’s circulating about Sir Fred Goodwin taking over from Max Mosley as head of Formula 1, the fast car racing league that travels the world in a carnival of cars and cash. It's not a popular rumour with some, as there’s a lot of anger over Sir Fred’s £4.2 million pension…
Fred the Shred becomes Fred the Tread?
There’s a wonderful rumour that’s circulating about Sir Fred Goodwin taking over from Max Mosley as head of Formula 1, the fast car racing league that travels the world in a carnival of cars and cash. It's not a popular rumour with some, as there’s a lot of anger over Sir Fred’s £4.2 million pension…
Jamie Dimon: a CCP for OTC is Bad
Speaking of Jamie Dimon’s appearance at Davos, he called upon a rethink of the Central Clearing System for OTC Derivatives that everyone wants to see in play. The clearing and settlement area is the plumbing of financial service, where all risks of sellers or buyers defaulting are managed by the clearer acting as the buyer…
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