I spotted this story in tonight's newspapers about the exclusive 'posh' builders to the stars, Robin Ellis Construction Services, who went bankrupt today.
Yep, it's another of those cheerful credit crunch stories.
This firm worked with the likes of David Bowie, Mick Jagger and Vanessa Mae, but their top class clientele of hedge fund managers and city bankers just can't pay the bills anymore, so they've gone under.
I particularly liked the quote from CEO Robin Ellis in 2007, just before the crisis hit, who said: "London is so awash with money now. I can only compare it to 15th-century Venice for opulence and wealth."
And what happened to 15th-century Venice I wonder.
I also enjoyed this cartoon from London Lite.
V. funny ... ha!
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...