Posts Tagged etc.

Recessionsaurus

Robert Cole’s article in the 17th February edition of the London Times has a great list and of the most common phrases to have cropped up over the last year related to the economy/financial crisis. More importantly, he offers definitions so one can speak intelligently while blaming the banks — and oh yeah, those terrible bankers for today’s current global crisis. Bad bank A financial institution, or part of one, that looks after a bucket of debts that may turn sour. Strictly speaking it is the loans, not the bank, that is bad. Good banks, and especially talented bankers, are […]

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