What is one to make of some of the recent developments in this credit crunch malarkey?
Howard Lake | 31 October 2008 | Blogs
There have been a few reports of banks, etc., likely to be sued for allegedly marketing investment products that they knew to be all but worthless. What are we to make of institutions and their (often well-paid and well-connected) directors etc., while cases are in the pipeline, and once the legal decisions have been made? Speaking personally, it does appear that a fair amount of rubbish was marketed as worthwhile investments. Should any allowance be made for that in prospect research reports, and fundraising considerations?
And what about banks that choose not to access government funds because they want to retain greater commercial freedom (whatever products that might lead to), including the freedom to pay generous bonuses, as in the past. Should fundraisers and researchers be worried about any aspect of this?
Finbar Cullen
ResearchPlus
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.