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Donna Werbner's Blog

Money is better than poverty - if only for financial reasons.

You've got to laugh...

The amount of bad news we’ve had this week is staggering. (If you’ve missed any of it, you can catch up here.)

However, even the mighty black financial cloud hanging over us all has its silver lining.

Here are some of the lighter highlights to emerge from the latest banking crisis:

1. They think it’s called soccer! The American taxpayer is now the main sponsor of Man United, after the US Government bought up 80% of the insurance giant AIG.

2. Ze Germans get it wrong! As the Guardian reported here, “Germany’s dumbest bank” KfW handed over €350m (£275m) to Lehman Brothers two hours before the bank collapsed.

3. Who’s the boss? Rumours are rife about what the new name of the mega-bank of Lloyds TSB/HBOS will be. But as the bank will command a third of the mortgage and savings market, here at the Fool we suggest it should be called ‘LBOS’ – or rather, El Boss. That’s ‘the Boss’ in Spanish for all you uncultured swine out there. We think Alliance & Leicester’s Spanish buyer, Santander, will be particularly happy about this name.

Anyone got any more? Please share with your fellow Fools – we could all do with a laugh this week! Edited at 2008-12-09 15:04:34

Comments

The opinions expressed here are those of the individual writers and are not representative of The Motley Fool. If you spot any comments that are unsuitable hit the flag to alert our moderators.

KarlKarlsson 22 Sep 2008, 3:21pm
West Ham's sewing team have been paid overtime? Granted I'm stretching here
TMFJoker 25 Sep 2008, 1:20pm
The Government of Dubai has sponsored Arsenal for some time now and the UK Government is the kit sponsor for Newcastle United. It was just a matter of time before the Americans had to join the club.

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I am the Deputy Editor, so I spend most of my week writing and editing articles for the site. I also help to produce our Money Talk podcasts and On The Money videos, as AV Editor. Read more...

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