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Crisis watch

If we are to educate people in finance to avoid future sub-prime crises, there's no better source text that Beatrix Potter's financial fable, "The Tale of Ginger and Pickles"

By Jonathan Ford   January 2009

Not a shred of doubt

Fred Goodwin may have lost his job running the Royal Bank of Scotland, but he is not forgotten. Daniel Gross, a columnist on Slate magazine, has just named him the “world’s worst banker.” To win, Goodwin overcame some tough rivals, including Chuck “the dancer” Prince of Citigroup and Jimmy Cayne, the pot-smoking boss of Bear Stearns who sloped off to bridge tournaments while his investment bank collapsed.

No one could accuse Goodwin of slacking off. He was very much hands-on as RBS ran into the ground. Gross goes through the charge sheet which includes overpaying…

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