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It means the financial sector really needs the $700bn.

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 Thu Sep 25th, 2008 at 11:48:40 AM EST
[ Parent ]
The financial sector would need way more than that.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu Sep 25th, 2008 at 12:04:56 PM EST
[ Parent ]
Why are you laughing?

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 Thu Sep 25th, 2008 at 12:09:16 PM EST
[ Parent ]
S.c.h.a.d.e.n.f...
by afew (afew(a in a circle)eurotrib_dot_com) on Thu Sep 25th, 2008 at 12:23:18 PM EST
[ Parent ]
People (well, younger colleagues) keep telling me about their friends in London or in trading rooms here in Paris who just got fired. I have a hard time feeling sorry for them.

They drank the kool-aid.

Oh - but never mind, Le Canard Enchainé reported Wednesday that French traders that come back to France and work between one day and one month (but not more) in France after losing their job in the UK apparently get indemnified on the basis of their UK salary - ie they get the ASSEDIC ceiling which is around 5000 eruos per months.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Sep 25th, 2008 at 12:37:11 PM EST
[ Parent ]
Jerome things he's decoupled from the US financial sector?

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 Thu Sep 25th, 2008 at 12:37:32 PM EST
[ Parent ]
I'm also part of the victims - ie my activity is now starved of funds even though we never did anything stupid.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu Sep 25th, 2008 at 12:41:41 PM EST
[ Parent ]

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