17 October 2011

Want to Buy A Toxic Sub-Prime Bank?

This has just aired on the TV. It was great. It showed this often complex problem of understanding banks and mergers in a light very much like an Adam Curtis documentary would. It mixed archive footage of the history of RBS along with ironic sound score. Goodwin was the venture capitalist's venture capitalist, the "smartest guy on the market" with the grossest managerial tendencies which kind of made you feel sorry for the merchant bankers he barracked within the board room. The freeing up of the markets since a lot of right-wing wankers thought it a good idea in the 1970s and 80s has never been showed up in such a toxic way.

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