In times of trouble, reach for a Swiss banker

First Sir James Sassoon. Then Baroness Shriti Vadera. Now Robin Budenberg. It seems Gordon Brown cannot formulate a grand financial plan without the aid of a UBS, Swiss banker. Budenberg, a high flying UBS merger and acquisition fiancier, advised Gordon Brown on the £500bn bank bail-out This perhaps partially explains why the taxpayer has no voting rights or a seat on banks' boards despite effectively saving them from ruin. The 49-year-old also helped the government sell off British Energy to the French. It seems strange that Brown goes to the European bank with the biggest exposure to US sub-prime. A bank that is also in the midst of... [read full story]