On one level, the affair matters not a jot. But it also demonstrates the way in which people like Brand and Ross overreach themselves after enjoying the adulation of millions, and salaries to match.
The effect of this kind of leverage on animal spirits were also on display in the financial markets of 2007, when investors and financiers became masters of the universe, after using cheap debt to build business empires and boost their personal bottom line.
Tuesday, October 28, 2008
Russell Brand, Jonathan Ross and the credit crunch
Writing for the Wealth Bulletin, Mike Foster draws some imaginative parallels between the excesses of Russell Brand and Jonathan Ross and the excesses that led to the credit crunch: