A fair whack of the past fortnight’s financial market panic can be sourced to BNP Paribas. The problem wasn’t so much that this major French bank had several hundred million dollars at risk in the US sub-prime crisis, but that it took a week to fess up to it after previously assuring the market it had “absolutely negligible.” exposure.
Sub prime lenders
Of Glenn Milne, biffo and Babette
The News Ltd organisation was reeling today from revelations that ace reporter Glenn Milne had visited a ‘biff club’ in the company of other journalists while drunk, writes Guy Rundle.
