The LOM – featured on Bloomberg… and by its editor no less

We’re delighted that Bloomberg have given us a plug in their recent story about the ructions around banking and Credit Suisse. This is what Editor-in-Chief John Micklethwait and Adrian Wooldridge had to say:

“There are few better places to consider the past few days of banking chaos than a small room hidden away in Edinburgh’s financial district — not far from where the godfather of free markets, Adam Smith, once lived.

The Library of Mistakes is devoted to capitalism’s disasters: You can see a shirt signed by Nick Leeson, the rogue trader who brought down Barings Bank, and a portrait of the legendary American fraudster Charles Ponzi. Old newspapers proclaim government bailouts of long ago while the shelves groan with tomes like ‘Where Are the Customers’ Yachts?’”