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In praise of bankruptcy
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37
comments (37 topical, 0 editorial, 0 hidden)
Re: In praise of bankruptcy
(
none / 0
)
Right, for the international case - but what about for the case of local banks being propped up by Paulson (or Darling)...
by
Metatone
(
metatone [a|t] gmail (dot) com
)
on
Tue Oct 7th, 2008 at 08:53:09 AM EST
[
Parent
]
Re: In praise of bankruptcy
(
none / 0
)
Well, within a currency union or a single country it's a balancing act. Are you referring to people moving their savings to NR because it's perceived to be safer?
A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality
-- John K. Galbraith
by
Migeru
(
migeru at eurotrib dot com
)
on
Tue Oct 7th, 2008 at 09:25:04 AM EST
[
Parent
]
In praise of bankruptcy
|
37
comments (37 topical, 0 editorial, 0 hidden)
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