Run on the Banks from Britain to Ireland
By The Anglo American | October 4, 2008
As American politicians play politics with the second great depression in 100 years, Britain is facing the beginning of a run on their banks. The British government only guarantees around $50,000 of depositors’ funds whereas the FDIC make $100,000 safe in a US bank.
But the Irish government has put its name behind every deposit and now find themselves blushing with the attentions from British customers.
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Britain’s Economy in Meltdown as Government Faces Collapse
By The Anglo American | October 1, 2008
Britain will be the only major economy to face the full force of a recession, according to the Organization for Economic Co-operation and Development. While all the G7 economies will slow The O.E.C.D. predicts that Britain will be the only member of the G7 whose gross domestic product will fall into negative growth. Since this will take place over at least two financial quarters, Britain fulfills, what economist like to call “the technical requirements” of recession.
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Obama, Britain and the Rookie Tag
By The Anglo American | September 28, 2008
The British Prime Minister Gordon Brown with Barak Obama
The US election comes to Europe as the world’s favorite US Presidential 
candidate arrives here as part of his foreign tour. Much is made in Britain of the bond between this country and the United States. A bond, that Sir Winston Churchill called the “special” relationship. But how special is it? Read the rest of this entry »
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