Not A Pretty Picture

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A credit crunch, sparked by the subprime crisis, prompted depositors to make the first run on a British bank in a generation, developers of London’s tallest skyscraper to postpone construction plans and economists to warn that economic growth will shrink.
[via USA Today]

About David Burn

Comments

  1. That’s not good.

  2. Not good at all.

  3. I was in London last week when it happened and wrote about it on our blog at http://tinyurl.com/3yq3tx It was pretty wild and a great example of crowd mentality andthe power of a good, or in this case, bad, brand experience. In the first two days, over a $1 billion and a half pounds were withdrawn.