[lbo-talk] British financial system in precarious position?

[Charles Brown]

I predict that the British financial system will _not_ crash; and that
the rich will get richer in any crisis.

Charles


>>> "Russell Grinker" <grinker at mweb.co.za> 9/18/2007 1:05 AM >>>
The SA Rand has just taken a dive as a result of this. Any views on
possible
bigger consequences?

***
When net income won't cover gross habits As Northern Rock is bailed
out, 
the notion that the dysfunctional financial market can regulate itself

has been laid to rest. So what will the government do now?

Will Hutton Sunday September 16, 2007 The Observer