Oct 15, 2008

The real costs of a credit crunch

I was googling about the costs of credit crunch, to gather some information about how many consumers/firms find it harder to access credit, how big is the drop in consumer expenditures, until I found this picture...

The story is here and is about Chris Fish, a senior banker, who spun his Porsche Carrera 2 on a corner and mounted a curb. An eyewitness said "It was a brand new car but it ended up perched on top of a bollard. He just lost it on a corner. What with all the turmoil in the markets it probably topped a very bad week." Yeah, probably...let me guess: is this what you are feeling when looking at the picture?

Extra: Central Bank Logo contest

Here is the Banca d'Italia logo

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