In a shocking slap-in-the-face to anarchists and anticapitalists everywhere, bankers staged their own candlelit vigil outside the G20 meeting at the Excel Centre overnight. With all the extremists locked up safely in bed, the bankers gathered in a large crowd chanting things like “we want our bonuses and we want them now”, as well as…
In a shocking slap-in-the-face to anarchists and anticapitalists everywhere, bankers staged their own candlelit vigil outside the G20 meeting at the Excel Centre overnight. With all the extremists locked up safely in bed, the bankers gathered in a large crowd chanting things like “we want our bonuses and we want them now”, as well as…
I just received this email from Corporate Watch and, for those in London this week, reproduce all details here so you are aware: The leaders of the world's 22 largest economies are meeting in London this week to 'restore confidence' in the failed capitalist system. Meanwhile, banks and companies in the City are being boarded…
I just received this email from Corporate Watch and, for those in London this week, reproduce all details here so you are aware: The leaders of the world's 22 largest economies are meeting in London this week to 'restore confidence' in the failed capitalist system. Meanwhile, banks and companies in the City are being boarded…
It's not my usual thing to report news from other blogs but this entry on Zero Hedge is just incredible. A trader who wishes to remain anonymous has sent them a letter claiming that AIG Financial Products (AIG-FP) built up billions of dollars of exposure to Credit Defaul Swaps (CDS) over the years, as we…
It's not my usual thing to report news from other blogs but this entry on Zero Hedge is just incredible. A trader who wishes to remain anonymous has sent them a letter claiming that AIG Financial Products (AIG-FP) built up billions of dollars of exposure to Credit Defaul Swaps (CDS) over the years, as we…
The never-ending UK story about ex-CEO of Royal Bank of Scotland Fred Goodwin's pension rumbles on, with tonight's Evening Standard reporting that Sir Tom McKillop, Chairman of RBS, doubled the pension pot hours before Sir Fred's departure:"Evidence to the Treasury select committee shows a 'compromise agreement' drafted for Sir Fred had assumed he would not…
The never-ending UK story about ex-CEO of Royal Bank of Scotland Fred Goodwin's pension rumbles on, with tonight's Evening Standard reporting that Sir Tom McKillop, Chairman of RBS, doubled the pension pot hours before Sir Fred's departure:"Evidence to the Treasury select committee shows a 'compromise agreement' drafted for Sir Fred had assumed he would not…
