Friday, December 26, 2008

While on the subject of last year – wow! What a year!

The once solid looking, sober banks were after all vulnerable like any other business. I remember RBS snatched ABN AMRO from Barclays and then the problems in the sub-prime market came and RBS hero (Sir Fred Goodwin) turned into a villain. Suddenly these geniuses we realised are after all human. And the causality list is long from Wall Street to London’s City. I always remember walking past their offices in London thinking this was an institution that would be there forever. Actually there massive doors and suit wearing security at the doors I mean in my mind was just too impressive.



While we are thinking of the past year whatever happened to Eliot Spitzer? I don’t think I can remember the conclusion of that saga. Does one serve time after getting caught up say in a prostitution ring? Pardon my French it should be an escort service – prostitution seems so low for someone like him.

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