Playing by the new rules

Playing by the new rules

March 2008: The Global Financial Crisis is in full swing. British bank Northern Rock has just been nationalised. American peer Bear Stearns will soon be bought out by JPMorgan. Lehman Brothers, and many other institutions, will collapse in a matter of months. 

Blackberries ring unanswered in boardrooms as bailout talks continue. On the streets of London, black cabs sweep City workers off the kerb. Meanwhile, across schools and universities, students pore over Facebook (US:FB) – a relatively nascent platform – with few concerns about who can access their private content. As exam season approaches, some head to Waterstones to buy textbooks: quicker, and cheaper, than ordering online.

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