Summary
ANOTHER week, another few turns of the screw in the astonishing credit crunch crisis. This time around, it's the Royal Bank of Scotland, coolly asking its shareholders for some billions of pounds to boost its fragile capital position, and the UK government itself apparently toying with the idea of issuing gilt-edged government bonds in return for the dodgy mortgage-based securities of struggling banks.
What most of these moves have in common, of course, is the underlying confidence of the big banks that, when push comes to shove, they will be able to force ordinary taxpayers and consumers - that's you and me, readers - to pick up the tab for the recent episode of mismanagement that has left the banking system in such serious trouble. As the American plutocrat Leona Helmsley once put it: "Taxes are for little people", but rarely in the field of human finance has it been so obvious that the "little people", are now being made to pay for the recklessness of their supposed betters.See the full content of this document
Extract
When Testosterone Comes in, Judgment Goes Out the Window
So the little people of the western world could have been forgiven, this week, for asking to be told something they didn't already know, when a team of researchers at Cambridge University published a survey suggesting tha...
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