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David Harvey: Crises of capitalism

In Blog by Ian Fraser0 Comments

26 June 2011 In this RSA Animate, Professor David Harvey examines the causes of the global financial crisis and suggests it is time to look beyond capitalism towards a new social order that would allow us to live in a system that is responsible, just, and humane. Whilst I do not subscribe …

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It’s time investors saw sense and stopped giving credence to rating agencies

In Blog by Ian Fraser1 Comment

10 June 2011 Given their woeful behaviour in the run-up to the global financial crisis, one might have thought the credit rating agencies would be discredited by now. One of the agencies’ biggest mistakes was their rampant mislabelling of residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDOs) during the credit bubble in 2004-07. At the …

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Why the Oscar for ‘Inside Job’ is a sort of turning point

In Blog by Ian Fraser1 Comment

28 February 2011 Charles Ferguson’s movie about the financial crisis, Inside Job, released in the US in October 2010, richly deserved to win ‘Best Documentary’ at last night’s Oscars. Amid all the flimflam about actresses’ dresses and the other flaky stuff one’s subjected to around Oscars’ time, the Academy Award …

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Dodd-Frank Act won’t prevent future crises

In Article Library by Ian Fraser

By Ian Fraser Published: Qfinance Date: 16 July 2010 American banks and financial institutions can hardly have expected to have faced no regulatory or enforced structural or behavioral changes given their lead role in causing the worst financial crash since the 1930s. However there are some who believe that the …

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Curtis and Nighy’s brilliant little idea

In Blog by Ian Fraser0 Comments

10 February 2010 In this short video made by Richard Curtis of Four Weddings & A Funeral fame, actor Bill Nighy plays a typically complacent banker. He squirms at suggestions that banks should be asked to pay a global ‘Tobin tax’ of less than 0.05% on certain types of transaction. …

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AIG = Arrogance Ignorance and Greed

In Blog by Ian Fraser0 Comments

February 3rd, 2010 I just heard this track from Show of Hands on Radio 4’s ‘Midweek’ with Francine Stock. The West Country ‘acoustic roots’ band — comprising Steve Knightly and Phil Beer — was inspired to write this song by the social injustice of the banking bailouts and in particular by …

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The times they are a changin’

In Blog by Ian Fraser0 Comments

16 September 2009 This photo of a US sheriff gingerly advancing through the wreckage of somebody’s home with his pistol loaded and ready to fire may look like something out of a war. But it’s just an ordinary scene from the suburbs in post crash America. The photo, taken in …

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Taming the wild beast

In Blog by Ian Fraser2 Comments

29 August 2009 At last someone in a position of authority has spoken some sense about taming the wild beast of finance. In a round-table discussion with Prospect magazine, the FSA chairman Lord Adair Turner has questioned the “social usefulness” of much of what happens on Wall Street and in …

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Cut spending, IoD boss tells Salmond

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: The Sunday Times Date: 31 May 2009 David Watt, executive director of the Institute of Directors Scotland, has accused Alex Salmond of “posturing” over a planned £500m reduction in the Scottish government’s block grant. Watt said he can see no reason, when private sector firms are having …

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This crisis will change capitalism forever

In Blog by Ian Fraser0 Comments

14 May 2009 Until fairly recently, it was seen as counter-productive meddling in otherwise perfect, self-correcting markets. Since last year’s banking and financial crisis, however, regulation is being seen in a much more positive light. Indeed among more and more business people it is viewed as a prerequisite for a …

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Lawyers ponder the future as knife is wielded

In Article Library by Ian Fraser1 Comment

By Ian Fraser Published: The Business Herald Date: 20 April 2009 Inside track: Firms with a balanced portfolio will feel less pain when redundancy looms AS a country, Scotland is often described as being “over-lawyered”. The preponderance is all very well in the boom times but during a severe slowdown …

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Allocations to Asia higher than Europe

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By Ian Fraser Published: European Venture Capital Journal Date: 3 November 2008 LPs are keen to balance exposure to the US and EU LIMITED partners, battered by the credit crunch, are not intoxicated with Asia right now. However, for reasons including their historical over-allocation to developed economies, the comparative stability …