Where’s the Money Gone?

Posted by Robert Lendvai, February 02, 2011 | Posted to Economics, Financial Crisis, Humour, Investment Banking

 

A British Investment Banker Explains What Happened During The Financial Crisis

Markets roared back in the second half of 2010 and Porsche dealers the world-over are once again seeing investment bankers lined up outside their doors with fat bonus cheques in hand. Leave it to the British to poke a bit of fun at their bankers and their mishandling of the financial crisis.

While the banter is funny, I can’t help but feeling most of it is also painfully true.

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