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Youz forgot about the Sarko-Merkel(-Steinbrück) demand for international regulation of financial markets.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Sat Apr 4th, 2009 at 05:28:15 AM EST
[ Parent ]
Which kind of dodges the question of what to do about this crisis.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Sat Apr 4th, 2009 at 07:31:05 AM EST
[ Parent ]
Which kind of dodges the question of what to do about this crisis.
Not really.  Reform of the existing regulatory system, to the extent there is one, is ONE of the preconditions for a genuine recovery.  I.e., necessary but not sufficient.


As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Apr 4th, 2009 at 02:19:28 PM EST
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