Friday, June 19, 2015

Five banker related acronyms for the 21st century

DEBITs - Desperate Executives Broken by Insider Trading

NERO - Naughty Executives' Regulatory Organisation

NABRO - Not Another Bloody Regulatory Organisation

MUMPIES - Middle-aged Upwardly Mobile Professionals

OPULANT - OverPaid UnderutiLised And Not Trying

BERNIEs - Banker Earning Ridiculous Notes In Eternity



"Morton's Fork" - the rock and a hard place options for taxpayers

The expression "Morton's Fork" originates from a policy of tax collection. It was devised by John Morton, who was Lord Chancel...