Interesting to note the rise of credit card liabilities as a potential major issue for US financial services companies. Bank of America’s recently announced figures reveal that it is the credit card division that has trumped other losses in the business - including that incurred by having to pay back the US government some of its bailout money. This raises the question: is unsecured credit default the sting in the tail of the secured credit crisis?
My guest blogspot over at Socializing Finance continues…
Today’s post looks at the Magna Carta as an early attempt to perform transparency in relation to forms of borrowing. I also talk about its materiality, so here’s a picture to remind you of what it looks like (I couldn’t get this to work on the Socializing Finance site).
The Magna Carta (1215)
This is the blog of Joe Deville, a PhD researcher at Goldsmiths, University of London. To mark my 90 day move away from Goldsmiths and to the COI, Columbia, I’ve decided to finally start that blog that I’ve been meaning to start for too long now.
As should be clear from the title above, this is a site that will reflect my research interests in money, credit/debt and sociological theory. And, indeed, anything else that springs to mind.
More soon… For now, a suitably snow-capped picture of my new (academic) home.
Fayerweather, Columbia University
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