posted on Sep, 28 2008 @ 06:11 PM
This is Truly Sad for his Family, and I trust we all give them our loving thoughts,
Sometimes eh, from his daughter's and wifes point of view all that Glitters is not Gold.
Unfortunately it seems as if this gentleman was very sucessfull, however unusually for being so he was one of the "good" ones, and truly took his
job and responsibilities it seems too seriously.
I believe it highlights something approaching that is worse than the US problems. The UK market has not "Crashed" as much quite yet as far as banks
and house prices, but the losses per member of the population will be worse then the US system.
However rather than the build up like a Rollercoaster ride, in the US experience, I feel the UK situation will be much worse, and due to the current
problems much quicker.
1/4 of the UK jobs were/are in the financial Service sector.
Cost of living, tax, Property Costs are all higher in the UK.
Brent Shorting as I alluded to in another post some time back has not come home to roost yet, however maybe not shorting entirely but certainly
futures on it.
Look up anyone interested the amount of future Brent (oil) traded, and what they can produce in the life of the field left, on current (without
bellcurve/extra cost of extraction) for this. Very lets say Illuminating!
Probably bigger than the current crisis, but even less traceable! and impossible to nationalize!
Maybe this gentleman being an intelligent sort, woke up recently and he took on the guilt of others.
(I am in no way here supporting the banking families or similair, but he was conditioned too, bless!)
[edit on 28-9-2008 by MischeviousElf]