Credit easing – expect more fruitless searches for sponges in the Aegean Sea
The UK government recently announced a “credit easing” plan. According to a junior minister the rationale is: Small businesses (SMEs) are unable to borrow…
Gordon Kerr
Gordon Kerr is a structured finance banker and founder of <em><a href="http://cobdenpartners.co.uk/">www.cobdenpartners.co.uk</a></em>, the commercial wing of the Cobden Centre.
Ringfencing retail banks – just rearranging deckchairs on the Titanic
The 363 page ICB report implies more rules, more regulation, substantial taxpayer costs in drafting, implementing and overseeing. Will this approach work to protect…
Buffett’s $5 billion ‘vote of confidence’ in Bank of America
Warren Buffett is the most successful investor on the planet and a very smart fellow. His core team also gave me a job in…
The UK is facing a sovereign debt crisis
Whilst the international attention is all about the Greek crisis, last week’s report by the UK’s Office for National Statistics reveals our own country’s…
Five Days to Save Britain’s Taxpayers from the Consequences of False Accounting
As things move on, it looks as if pressure is mounting for Parliament to have its Second Reading of Steve Baker’s Bill on 10th…
The Delayed Effect of Printing Money via Quantitative Easing
Gold reaches £913 per ounce If political leaders and central bankers think that they can curb the currency debasing effect of QE merely by…
The Independent Commission on Banking
214 Pages Displaying No Confidence in Solving the Banking Crisis My disappointment in the content of the ICB’s preliminary report published yesterday morning was,…
Ireland’s Announcement of a Fifth Bailout Demonstrates that Bailouts Cannot Work
BlackRock Inc., the independent stress-tester of Irish banks, has discovered a €24 bn capital black hole in their balance sheets. For a fifth time,…
The banking crisis has been exacerbated by new rules and regulations
Imagine, for the sake of argument, that we discover a little-known, unpopulated territory within the EU, on which to establish a colony. Let’s call…
Prudent Savers to be the Biggest Losers – Mervyn King
In a speech last night in Newcastle-Upon-Tyne the head of the UK’s central bank continued on his admirable path of admitting that the banking…