European Tribune - Comments - Oh my, the alacrity!

Oh my, the alacrity! | 353 comments (353 topical, 0 editorial, 0 hidden)

Sigh. I'm not "denying" anything, I'm simply saying that the cost is not known yet, and someone (Geithner?) already commented that the actual needs are much lower, as complex derivatives are being unwound. You did notice the big banks rushing to pay back those loans - which are far from 13 trillions, anyway.

Free at last! Free at last! Thank God Almighty, we are free at last! (Martin Luther King)

by ValentinD (walentijn arobase free spot frança) on Fri May 22nd, 2009 at 08:28:26 AM EST
[ Parent ]

Re: Oh my, the alacrity! (none / 0)

The actual needs will have to be "much lower" by at the very least two full orders of magnitude for the logic to possibly tilt in your direction.

And as for Geithner... well, if he tells you that the sky is blue, you should look out of your window before agreeing.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri May 22nd, 2009 at 09:36:51 AM EST
[ Parent ]

Oh my, the alacrity! | 353 comments (353 topical, 0 editorial, 0 hidden)

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