Superb quote about Bradford & Bingley Thursday, September 25, 2008
An article about Bradford & Bingley in today's FT has a brilliant opening line.
"Bradford & Bingley has the classic balance sheet of a bank in big trouble. On the left side there is not much right, and on the right side there is not much left."
For the non-accountants in the audience, the left side refers to the balance sheet debits i.e. assets and the right side to the balance sheet credits i.e. liabilities
Labels: Bradford and Bingley