Reflections on the recession

Madoff’s fraud was so big that it is likely that most of the cash went back to investors during the Ponzi period. Ponzi got more than two-thirds of money for himself. The Madoff family are not multi-billionaires (as far as we know).The UK shouldn’t worry...

Galbraith Jr on the crisis

Long read, but worthwhile. My take outs: our financial models aren’t necessarily built to simulate the scale of depression we are currently in, as we haven’t experienced one for as long as the models have existed. Spending (and therefore national debt) is...
G20 protesters in the city

G20 protesters in the city

Funny seeing such violence on streets I walk down regularly. That said, a lot of the people (not all) who were fighting look like they wanted a fight. Also, the RBS computer people were three protesters surrounded by load of paparazzi, not real people.