Lunchtime Links: Don't mess with bankers
As anyone with a passing acquaintance with daily media will be aware,
Nat Rothschild, of the Rothschild banking dynasty, has thrown a large
rock at Conservative Party shadow chancellor
George Osborne in the form of allegations that he asked Russian
oligarch Oleg Deripaska for funding. Much is being made of the
inadvisability of angering the scion of a rich banking dynasty. "You don't
mess with the Rothschilds. They've survived 400 years of ebbing and
flowing," says an anonymous friend of the family to the Financial Times.
More big CDO writedowns coming. (Bloomberg)
"The age of innocence - when banks lent to each other unsecured for
three months or longer at only a small premium to expected policy rates
- will not quickly, if ever, return." (FT)
Banana Republic Britain. (Alphaville)
All 45 Singer & Friedlander staff hired by Williams De Bröe. (Wealth-bulletin)
Jealous poor people caused failure of Lehman. (Alea)
Lehman's CDS nothing to worry about after all. (Reuters)
What a chastened Goldman might look like. (DealBook)
Is the quantity of Starbucks outlets positively correlated to the
likelihood of a financial crisis? (FT)
Barclays hires 100 from Lehman for Japanese equities. (The Deal)
Will CDOs still exist in 2010? (Seeking Alpha)
Stay sane, mend bikes. (The Times)