Fear in the City?
Before the banks start trying to reassure their shareholders that they’ll find ways around Obama’s proposals, it was interesting to hear the Today programme’s interview with a City chap this morning. He admits that there is a sense that “there will be no place for the banks to hide at the end of all this” (quoted from memory). It was on at 8.40am and doesn’t seem to have been uploaded to the radio 4 site unfortunately. Maybe it will be later.