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Things worth reading: 4th December 2009

Things we're reading today include …

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Today's must read:

Goldman Sachs, Guns, and Bloomberg's B.S. – the Market Oracle
Bloomberg News has done a lot of good research during this financial crisis, so I was surprised yesterday when it released Alice Schroeder's article claiming Goldman Sachs Group Inc.'s employees are buying guns to protect themselves against an uprising against the bank.

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The Hundred Year War continues …

Sarkozy cancels UK visit over City tensionFinancial Times
Nicolas Sarkozy pulls out of Gordon Brown meeting after EU 'victory' boastThe Times
Michel Barnier is the City's only hopeThe Telegraph

Bonuses

RBS board may quit if £1.5bn bonus plan is vetoedThe Independent
Lord Mandelson wades into row over RBS bonusesThe Times
Harriet Harman: RBS board is being reckless and irresponsible over bonusesThe Times
Bankers 'need to join real world'BBC

Economies

Bailing out the banks cost £5,500 per familyThe Telegraph
ECB starts to unwind some supportBBC
Bernanke defends his Fed recordBBC
Senate rounds on ‘moral hazard’ Bernanke as second-term vote set to be lowest in 30 yearsThe Times

Companies

BofA's $45 bln repayment clears way for new CEOThe Telegraph
Goldman Sachs admits canvassing shareholder opinion on pay and bonuses The Telegraph

Technology

In Malawi, biometric ATMs confront traditional ways of moving money – CGAP


Quote of the Day:

"All investment bankers were 'sleazeballs' and dishonest."
Teacher to class, Barclays banker Hugh McGee wants son's teacher fired for 'sleazeball' comment – Telegraph

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About Chris M Skinner

Chris M Skinner

Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.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…

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