I was yesterday with my CEO and was at a Lunch followed by a meeting with a lot of people who earn way to much and run large companies and organsations in various sectors.
One snipet from convo stood out from a gentleman we would all know on sight from the media. He said that he felt that this was such a big issue that it should be put on a par with a world war or international disater! That the British goverment ideally should have brought in at cabinet level people required for the job regardless of party background.
Other quotes i heard from very level headed experienced people was that the Last rescue was to small and all involved knew this.
As we all have heard in the media Barclays and HSBC made wrong moves along with JP morgan and many more.
The companies are worried as they know in the long run huge super banks will emerge who will be way to powerful for any country to regulate.
Mr Admin Boss so very true that also is all i hear from anyone who comes from the city, I mean most of them are just professional gamblers if you take the title away.
Brown due to beliving his own hype and the fact most people were so happy that the problem like a overdue bill was staved off and hidden in the drawer out of site. Problem is the default bill still has to be paid off.
The whispers from the City and mayfair (where the hedge funds and rich bods banks are) I have heard that the media is downplaying the worst of it. Some of the problems are so bad they would have people queueing at the bank. They of course is no need to take out your money good ol gordon will put any losses on tic for your Grandchildren to worry about.
