Sunday, October 19, 2008

Subprime collapse - financial crisis



The worldwide financial crisis stemming from the US subprime collapse is making itself felt in the city's financial district. The sudden unavailability of easy credit combined with the dramatic fall in the value of the Australian dollar has taken many casualties amongst the financial classes.

The fallen are so numerous that we don't have time or resources to bury them. This one has simply been left in Hyde Park to await the scavenging Ibises.

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