Last year in the UK and indeed around the world a series of banking collapses almost led to complete economic meltdown. Several banks on both sides of the Atlantic went under and several more were saved by their respective governments. Taxpayers money, and billions of it, was pumped into the banking system in every major western country to save the international banking system. It became clear that banks in the UK had borrowed and lent far beyond their means, and had misinformed many savers of the dangers of their investments. The city in general had lived for years in an orgy of excess; e...
More..Sarah Frankton
Member since: March 2007
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