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Roy McPherson

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Roy McPherson - Macroy Consulting

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Whoops there goes another .....

29 September 2008  |  4657 views  |  3

Those of a certain age will recognise those words as the chorus to an awful song about disappearing rubber plants; don't ask. But, what on earth is happening in the financial community, whoops there goes another bank; has there ever been a precedent? I suspect not, we've seen individual banks go the wall before but I don't recall so many having their soft under bellies exposed. Was the 30's a similar circumstance?

Please discuss.  

TagsRisk & regulation

Comments: (5)

Paul Penrose
Paul Penrose - Finextra - London | 29 September, 2008, 16:01

Maybe the physicists at Cern were forced to switch off their Large Hadron Collider last week not because of a helium leak, but because of the sudden appearance of a black hole over Wall Street. This would explain the mysterious overnight disappearance of the entire investment banking sector and the imminent collapse of the entire banking system as other institutions are gradually sucked into the abyss.

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Roy McPherson
Roy McPherson - Macroy Consulting - Maldon | 29 September, 2008, 16:56

Paul - Now there's a thought.

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Dean Procter
Dean Procter - Transinteract - Sydney | 29 September, 2008, 17:37

Looks like the only way to not go down the plug hole is by being too big to fit. Pretty big plug hole though.

Looking for ways to come together might provide some safety, albeit not quite satisfaction.

The big guys are likely to get all the 'bargains'.

 

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Roy McPherson
Roy McPherson - Macroy Consulting - Maldon | 30 September, 2008, 09:43

Dean I think you're right, you either need to be too big for the plughole or the wrong shape.

 

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Steve Liles
Steve Liles - Sheffield Computer Systems PL - Sydney | 07 October, 2008, 22:08

Dare I say it but the cycle has a way to go yet.  Ring-a-ring-a-roses is another rhyme that comes to mind...and so it goes.

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job title Consultant
location Maldon
member since 2008
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I have extensive knowledge of Treasury Products from trade through to settlement. My main areas of expertise are FX, MM, Cash & Liquidity.

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