Howard hitches a ride

18 September 2008

Ride em Cowboy! The new Lloyds HBOS logo perhaps? Courtesy of the FT’s blogs.

Still, what could possibly go wrong?

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Crash, Bang?

16 September 2008

I found this rather amusing video this afternoon… how to make light of a ‘bad situation’ perhaps (although vaguely reminds me of the Will and Grace scene with Al Roker)

Still if we’re all doomed, at least it’s a better way to make light of the doom than others are doing:

While there is a tendency among the self-righteous to criticise individual short-sellers who make money out of the misfortune of others, the fact is that those playing the stockmarket in such a fashion are merely a product of the system, rather than the catalyst behind the so-called evil. Once upon a time, stockmarkets were there to provide companies with a means to raise capital from investors; today’s financial world is a vastly different beast.

Nowadays, there is as much incentive to kick a company while it’s down as there is to support it when it is in ruder health; short sellers hover around a dying stock like vultures anticipating a feast, and every financial institution is as guilty as the next when it comes to gorging on the remains. Lehman Brothers’ demise is a case in point, as too is AIG’s seemingly impending collapse.

Time for a new world order?


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