Elsewhere on Monday,
- If HBOS and RBS had gone under the FSA could have turned off their cash machines.
- Why friendliness isn’t insider trading.
- How turnout at shareholder meetings has increased during the crisis.
- 9.7 per cent is ugly (but not quite as bad as it looks).
- Good finance gone bad?
- Have we learned nothing from the financial crisis?
- Waiting for the death of the Chicago school.
- How the early oil industry is the original Silicon Valley.
- Further, further reading.