Article: The South Sea Bubble - George i's Enron. (Reviews).(A Very English Deceit: The Secret History of the South Sea Bubble and the First Great Financial Scandal)(Book Review)

A Very English Deceit: The Secret History of the South Sea Bubble and the First Great Financial Scandal. Malcolm Balen. Fourth Estate. [pounds]17.99. 260 pages. ISBN 1-84115-552-7.

The South Sea Company, originally a trading enterprise to exchange English cloth for Spanish gold in South America, gave itself the lyrical motto, From Cadiz to the Dawn. With the benefit of hindsight, a more appropriate motto would have been 'from a castle in Spain to a rude awakening', equally poetical, if only in the sense of 'poetic justice'. For this book is a cautionary tale, told by the head of news for ITN in London, Malcolm Balen, with frequent illustrative quotes to point out ...

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