Bank, economy, Lord Taylor of Warwick, London

Can You Bank On It?

Church of England Article By Lord Taylor of Warwick Recently I appeared on BBC television, to talk about the banking crisis. Before this year, some of us may have been forgiven for thinking ‘the crunch’ was a type of chocolate bar. Now we are sadly all too familiar with the phrase ‘credit crunch‘. Wall Street and the City of London were …

Economy, Lord Taylor of Warwick

Economy

Someone once said, “Greed is good”. That was the dreadfully misguided mantra of Gordon Gekko. He was the mercenary financial trader, a character played by Michael Douglas in the Oscar-winning Hollywood film “Wall Street” in 1988. The film ended with Gekko in ruins when his greed backfired, but Oliver Stone, the film’s director, was dismayed to see that Gekko became …