Article by Peter Webb of Webb Capital
Peter Webb of Webb Capital asks if retail bond issues could
create the perfect partnership between SMEs and private
investors?
I pity the ordinary folk who work hard for a living and whose
financial future has been put in jeopardy by the greed and madness
of recent years. What must they be thinking seeing recent reports
of another rogue trader losing his employer's billions?
Clearly, Warren Buffet was right when he said that the big banks
had little clue of the risks their traders were undertaking when
chasing profit.
Capital woes
The capital needed for SMEs to function is getting scarcer, as
traditional lenders feel the pinch. The UK Government's cries
for more lending to SMEs are hollow compared to the impact of
edicts to bolster capital ratios. Never mind, there will be another
Government initiative soon – in fact, it has already
arrived, namely the Government bond purchase scheme. No doubt the
funding crisis will have
