The truth about Asian investment banking
The money network:

The money network:

Why crowdfunding threatens traditional bank lending

January 1986

Not band aid, but bond aid.

by French, Martin


NOT BAND AID, BUT BOND AID

As rock stars wept at the globally-televised Live Aid concert, organized by Bob Geldof last July, Mona Siddique had an idea. "I was doing the ironing,' said the 25-year-old salesperson from Daiwa Europe. "I thought, the City of London has such a bad reputation with the general public--so after Band Aid, why not Bond Aid?'

Bond Aid--a mock bond issue syndicated among the international banking community to raise funds for the African famine--is finally a reality. But it didn't happen the way Siddique intended.

Siddique started off in the most obvious way: she wrote to Geldof. There was no reply. Weeks later, she was talking over her...


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