Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Very good and definitely cross-postable at my favorite American "conservative" oasis, lunatic asylum, and wind farm.

Question is:

How many times does this thing have to play out over the years, with realively minor new twists, before governments and regulatory authorities get a clue?

"When the abyss stares at me, it wets its pants." Brian Hopkins

by EricC on Thu Nov 30th, 2006 at 06:44:19 AM EST
this is an indefinite game : see my previous post : the power bubble, the telcos bubble, the real estate bubble...
I've been around in project finance banking for more than ten years and there is no sight of a change in perspective.

When through hell, just keep going. W. Churchill
by Agnes a Paris on Thu Nov 30th, 2006 at 07:15:16 AM EST
[ Parent ]


Occasional Series