Wednesday, August 05, 2009

Just fancy that Harriet!

The following information was brought to me in the comments of a previous post by Ryan Roberts and deserves its own post because it's so funny. As was well reported yesterday, Harriet Harman said,
"Somebody did say... that if it had been Lehman sisters rather than Lehman Brothers then there may not have been as much (financial turmoil)."
Harman didn't say she disagreed with the argument, and let's be honest, this Harriet Harman, so it's pretty obvious she did agree with the sentiment otherwise she wouldn't have said it.

Now step in Blythe Masters, a woman, a JP Morgan executive, and generally accepted inventor of the now infamous "credit default swap" that led to banking collapse and which Warren Buffet called "financial weapons of mass destruction" in 2003.

I expect no one will pull her up in this in an interview though.

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