Chancellor Kwarteng (and government?) taken out by Pension Funds
Clancy, John (2022) Chancellor Kwarteng (and government?) taken out by Pension Funds. Birmingham City University, Centre for Brexit Studies Blog.
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Chancellor Kwarteng (and government.pdf - Published Version Download (226kB) |
Official URL: https://centreforbrexitstudiesblog.wordpress.com/2...
Abstract
The funds and their advisers learned nothing from 2008 and went to the Casino again – this time with £trillions. Kwarteng should have seen the express train coming down the track towards him. Did he?
Remember those words which everyone (outside the financial markets) learned for the first time in 2008 – Swaps, Credit Default Swaps, Derivatives, Leveraging, Hedging, Repos, Collateralised Debt Obligations, Margin Calls? Most of us have probably forgotten what they were. Probably Kwasi Kwarteng had, too. Because they took him out.
| Item Type: | Other | ||||
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| Uncontrolled Keywords: | Centre for Brexit Studies, CBS, Brexit, BCU, EU, European Union, UK, Birmingham City University, UK Government, UK politics | ||||
| Subjects: | CAH15 - social sciences > CAH15-03 - politics > CAH15-03-01 - politics | ||||
| Divisions: | Research, Innovation, Enterprise and Professional Services > Centre for Brexit Studies | ||||
| Depositing User: | Gemma Tonks | ||||
| Date Deposited: | 21 Oct 2022 10:50 | ||||
| Last Modified: | 21 Oct 2022 10:50 | ||||
| URI: | https://www.open-access.bcu.ac.uk/id/eprint/13686 |
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