Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
the success of these investigations in tracing and recovering assets is likely to affect every UK household.

And affect every financial corporation doing significant business in The City, which is likely the Torrygraph's main concern, as opposed to "every UK household."  And not just financial corporations in The City.  We may at least hope that this is the tread that leads to the unraveling of the veil of corporate secrecy for the financial corporations and agencies involved in this part of the GFC.  That in turn would lead to the possibility of recovery from the personal estates of directors, officers and board members.  Which is why a settlement is more likely.  

Hope Iceland holds out for recovery instead. Making much of this public would encourage others to follow the same path.  It would be sweet indeed to see Goldman buried under molten lava from an Icelandic erruption.  

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

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Aug 19th, 2009 at 12:22:54 PM EST
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