"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Saturday, March 25, 2006

Mr Barry Townsley CBE .. a fascinating career

Those interested in the varied and interesting career of Barry Townsley CBE (Governer of the Weizmann Institute of Science, British friend of The Israel Center for Social & Economic Progress , along with ex jail bird Gerald Ronson) might like to look at this Times storyof October 2005 ....


On a stormy night in December 2003, a colourful group of international businessmen gathered at Villa Castagnola, a grand hotel on the shore of Lake Lugano in Switzerland.

The former home of a Russian nobleman, it made a sumptuous setting for two days of talks. The main item on the agenda: how to spend the £150m that had made Crown Corporation the largest cash shell on London’s Alternative Investment Market (AIM).

Among those present were Crown’s chairman Mariusz Rybak, a Canadian technology executive, and Jean-Pierre Regli, a Swiss-Italian banker and the company’s co-founder.

A full line-up of advisers included Barry Townsley of stockbroker Insinger Townsley, a Labour donor who had supported (to the tune of £10,000) Frank Dobson’s bid to become mayor of London. The bad weather meant he and Simon Fox, also from Insinger, had to hire a private jet to make the journey from France.

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BT of course gave £1.5m to sponsor a City Academy in Hillingdon.

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(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish