Greed and repercussions, part deux

credit crunch finance money

I blogged a few months agoabout my concern regarding the precedents being set by the Northern Rock and Bear Stearns debacles - that investment bankers and city executives can take outrageous risks, bag huge bonuses and get into a situation that for the sake of the economy, the government has to step in and sort it out. If only that had been the end of it; I don’t think anyone really thought it was, but since then things have really gone south.

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