Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
This means that the bailouts and nationalizations of individual banks are doing nothing to solve the fundamental problem of the credit markets. I doubt that the $700 billion gift will help any better, give nthat most everybody knows that the (leveraged) holes are bigger than that.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Wed Oct 1st, 2008 at 06:47:48 AM EST
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