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Terry Smith argues that the report on Current Issues Affecting the OTC Derivatives Market and its Importance to London makes for alarming reading, if one believes that politicians and regulators should approach the financial crisis as the medical profession would approach a sick patient: by diagnosing the illness and then prescribing treatment.
Terry Smith gives his views on the macro-economic environment in the UK ahead of Alistair Darling’s second budget.
Terry Smith states that there are some unpalatable facts which it is vital for the G20 leaders to understand if they are to tackle the financial crisis effectively.
Terry Smith gives his assessment on how the events of the Crunch, with a single weekend seeing Lehman Brothers and WAMU go bust, and Merrill Lynch forced to seek sanctuary with Bank of America, were of a scale never seen before.
Terry Smith comments on the unravelling of the financial crisis and the questions many want to ask: What is happening and why? Who is to blame? What can and should be done about it?
