UK Bank Bail-Out: Private-Equity-Generated-Credit-Chaos Costs Rising: Public Pays
April 23, 2008
“The Bank of England will announce Monday a scheme which will see it lend money to banks in return for collateral in a bid to help the troubled U.K. mortgage market, U.K. Chancellor of the Exchequer Alistair Darling said Sunday Wall Street Journal . Following Business and Financial News in 2008 has been an exciting, mind-boggling, incredulous (mis)adventure. It has become difficult to choose those stories that will remain relevant in the future as part of the social and economic history of this chaotic period. See also http://snurl.com/25asj and http://snurl.com/25aus
digg users comments are themselves very revealing. I don’t think active digg users represent a broad spectrum but I am not sure? Are the demographics on digg similar to other services offering trendy tech tools? young male techies writing for young male techies?
Along with evangelical Ron Paul supporters, there is a very active core group writing anarchist, anti-government, minimal government, avoid-banks-buy-gold, avoid-banks-cash-only diggs with some nasty digg between digg users.
Filed in Business, moral mathematics, Risk Management, Risk Society, UHNW, vulnerability to social exclusion, wealth disparities in OECD
Tags: aggregators, banking sector, cyber citizens, digg, economic efficiency model, Fear Industry, learning from users, Measuring Money, public vs private, Ripple.Effect, Risk Management