Friday, November 07, 2008


Sometimes you wonder... when a person does not need to go to the supermarket, get stuck in a traffic jam, or wonder about how to put bread on the table in 10 years time, how they would react to the current financial crisis.

Here's to the Queen of England.

Queen baffled at delay in spotting credit crunch

Queen Elizabeth has been given an academic briefing on the origins of the credit crunch and wound up the "lesson" by asking why nobody had seen the crisis coming.

The 82-year-old monarch had the complexities of the current global financial crisis explained to her during the inauguration of a new building at the renowned London School of Economics (LSE).

The origins and effects of the crisis were explained to her by Professor Luis Garicano, director of research at the LSE's management department, the Press Association reported.

Prof Garicano said afterwards: "The Queen asked me: 'If these things were so large, how come everyone missed them? Why did nobody notice it'?"

When Garicano explained that at "every stage, someone was relying on somebody else and everyone thought they were doing the right thing", she commented: "Awful."


  1. But she's wise, isn't she?

    She raised very good questions - straight, to the point, very intuitive.

    And the professor's answer is witty too, haha.

  2. Very wise.

    I guess thats why the Monarchy in the UK has survived.

    And it is this system that continues to attract people with a desire for stability such as those Russian tycoons.

  3. An interesting news

  4. So her majesty whom didn't know the crisis coming, asked why people didn't know the crisis coming. Well, maybe her majesty didn't know that she's among the ones who didn't know.

  5. The Queen's job is not to be aware of pending financial crisis.

    If it was, that will be the return of the absolute Monarch.


  6. "someone was relying on somebody else and everyone thought they were doing the right thing", she commented: "Awful."

    very philosophical...
    the Queen is relying on Prof awful ? :D
    how should the queen trust what the prof just told her?

  7. Sorry I just got to ask. If her majesty's job is not to be aware of pending financial crisis, why did she asked that question anyways? No offense.

  8. No offense...

    She is only guilty of what you are too, she is just being curious...


  9. Not sure what I'm guilty of, for I've seen this was coming back in 2006. I've told some friends and none of them listen nor understand. Maybe I'm guilty for seeing it too early that it didn't make sense at that time. But really, doesn't things seem suspicious that it's a huge scam for the rich to rob the poor?