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Err...Who among our leaders were standing firm for tough international standards so recently?  This "intervention" by the ECB could possibly be justified on the grounds of preventing a COMEX fiasco and panic, but failure to proceed against Deutsche Bank on violations of law, if any, can only be seen as concern about "whose ox got gored."

On another point, this underlines warnings I have read about the dangers of trying to hedge one's savings by investing in gold via exchange traded funds vs owning the metal.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Apr 3rd, 2009 at 01:09:59 PM EST
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