Magazine
Latest Issue

Crisis watch

All the attention is on politicians' expenses—but there are still plenty of fat cats in the boardroom. Plus, lessons from A Doll's House

By Jonathan Ford   July 2009

Lehman’s wrong lesson

It is nine months since the collapse of Lehman Brothers and the financial crisis is—so we are told—pretty much over. The banks are unfreezing and things are returning to normal. A host of American banks are queuing to repay the money they got from the US government last autumn under the Tarp scheme. In Britain, Lloyds TSB has been doing the same. “Here’s your money,” is the near universal refrain from the bankers to the politicians. “We want our laissez-faire economy back. If you won’t give it to us, we won’t lend and there won’t be any…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect