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by Felix Salmon

Main

How Gene Ludwig Forced the Countrywi... How to Enjoy Your Billions

Jan 29 2008 10:39AM EST

Boris Nurdbongleur Dodges the Credit Crunch

Speaking on condition of anonymity, Marti Peeps, a spokesman for the bank, admitted that he was gloomy on prospects for the sector, notwithstanding Societe Bancaire de Neasden's surprise results.
"This has come in the wake of other debacles within the group, and indeed from all other banks, in real estate lending, securitised lending, high yield, subprime investment and hedge fund sponsorship. I foresee a flight to liquidity followed by possibly severe depression - but enough of my plans for the evening."

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