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Come to think of it, that's kind of a good metaphor for the entire credit meltdown.
Rocked by the credit meltdown, London's financial heart isn't its only weak point.
"The correction from that and the fallout from the credit meltdown globally probably portends a more severe correction".
A daily round-up of economic news:The credit meltdown claimed another victim today, as Wachovia let the axe fall on chief executive Kennedy Thompson.
If Alt-A defaults are indeed the next credit meltdown, then extending teaser rates might simply postpone the pain for a few years.
The Carlyle Group, the Washington private equity firm, agreed to lend its affiliate more money to help it survive a credit meltdown that began with subprime mortgage defaults.
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Another possibility is that redistribution tends to substitute for shaky borrowing by non-rich households, of the sort that can undermine growth or cause nasty credit meltdowns:In their 2011 paper Messrs Berg and Ostry note that more unequal societies do poorly on social indicators such as educational attainment, even after controlling for income levels.
Plus, as we have learned with the recent housing and credit meltdowns, people also need to be protected from the dishonest practices of Big Business who, we have found, will do most anything to make a buck.
Then came an equally costly disaster, though one of human origin: the subprime credit market meltdown.
But many appear to have been blindsided by the size and severity of the credit market meltdown, which has left lenders unable or unwilling to provide more money.
Conventional wisdom, it turns out, has not been very reliable in the topsy-turvy world that has emerged from the credit market meltdown.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com