Misstrade pointed me to a fascinating half-hour interview with Jim Rogers, who was co-founder of the Quantum Fund with George Soros.
This is the second part of the interview (click for first or third part):
and he's saying that there were absurd practices in the City of London, which had more exposure than anywhere else in the world to the credit bubble.
What is interesting is that he says this is all focused on London and New York, and he's right. Yet, just a year ago, I was blogging about how triumphant London was to be beating New York as the heartland of finance.
How times change ...
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...