Posts Tagged ‘economics’
Mark Twain brings you the news
Today’s news on guardian.co.uk:
Bank shares finished dramatically lower, with RBS – almost 70% owned by the taxpayer after yesterday’s announcement – down by 65%
and Lloyds HBOS suffering a 33% loss. Barclays, which lost a quarter of its value on Friday, fell a further 10%.
One century-old lessons still unlearned:
A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain. (Mark Twain)