Wednesday, December 06, 2006


Kingdom of Capital


This article provides some issues to think about when banking. Don't you ever wonder if there was anything immoral about banks in any of their operations? Especially about the vast amount of money they hold and invest and the profits they make. The writer starts off by describing his personal gripes with banks and talks about HSBS and remittances. It gets more interesting from the middle downwards especially the "clout from the castle" paragraph.

From 1970 to 1996 an estimated 30 per cent of sub-Saharan Africa’s potential GDP has been sucked out of the region through capital flight