8 January 2012, 8:49 am
1 Did David Bowie help start the credit crunch? BBC journalist Evan Davis suggests he may have had a role. In 1997, Bowie sold bonds on his future back catalogue royalties, an idea which was copied by the banks who sold on mortgage income. This ‘securitisation’ was partly responsible for the problems banks developed in the late Noughties.... Read More »