The structural issue that could cause the world's market of last resort to grind to a halt
Banks lending money to governments to help fund bank bailouts looks horribly circular
Monday, August 18, 2008
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Banker: Our deals will move the markets and drive other banks to push boundaries... Euromoney: Really... can you give me some examples of this from the last 12 months? Banker: Well yes... and no.... we haven’t technically done these deals yet but we are putting thought into their structures as we speak
A candidate for a ‘Better luck next year’ award, perhaps. -Awards for Excellence 2008 Off the record special