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We are, to use a technical economic term, screwed. The cowboy capitalists had a party with everyones money and now were all paying for it. What went wrong? And will we learn our lesson - or just carry on as before, like celebrating surviving a heart attack with a packet of Rothmans? If you want to know, but are the sort of person who finds it hard to tell the difference b We are, to use a technical economic term, screwed. The cowboy capitalists had a party with everyones money and now were all paying for it. What went wrong? And will we learn our lesson - or just carry on as before, like celebrating surviving a heart attack with a packet of Rothmans? If you want to know, but are the sort of person who finds it hard to tell the difference between a CDO a CDS an MBS and a toasted cheese sandwich, John Lanchester has mastered the finer points of finance so you dont have to. In Whoops! he explains, in language everyone can understand, what really happened - and what on earth we do next.

We are, to use a technical economic term, screwed. The cowboy capitalists had a party with everyones money and now were all paying for it. What went wrong? And will we learn our lesson - or just carry on as before, like celebrating surviving a heart attack with a packet of Rothmans? If you want to know, but are the sort of person who finds it hard to tell the difference b We are, to use a technical economic term, screwed. The cowboy capitalists had a party with everyones money and now were all paying for it. What went wrong?...  Read More