Our friend Msr (on another thread) asked to comment this artice http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2008/10/01/do0105.xml Unfortunately, the thread was holed. So I try to repeat my answer (before this thread is holed - joke) Never have been is this 'club' - likely a nest of criminals, thives and expensive prostitutes. Tycoons lost big money? Who cares? By the way, mr.Lebedev tries to create a new political party along with former pres.Gorbachev. Interesting pair - a thief and an idiot. They are small, insignificant investment banks. I keep my modest savings in different reliable banks (with 11% - 12.5% interest rate). Sums below $8000 would be 100% compensated and additionally $20000 would be 90% compensated in the case of bankrupcy. From formal point of view 11-12% inflation is 2-digit. But now the Rouble is stable against Euro & Dollar basket. St.Petersburg is being affected by frequent floods (though not so severe as in New Orleans). Emergency situation was simulated to test all services and systems involved. One of the leaders of still-born political party is too well known thief to be regarded seriously.