Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
ATinNM: At this point (with h/t to ChrisCook) they are the lynch pin of an economy.  Pull it and watch the whole edifice collapse.

"Finance is so central and peculiar, so essential, and yet it carries a death threat for the economy," said Jagdish Bhagwati, a professor of economics at Columbia. "What we've seen, once again, is that finance is a very powerful instrument, but one that needs to be intensively watched."

Truth unfolds in time through a communal process.
by marco on Wed Oct 1st, 2008 at 03:30:02 AM EST
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