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And the same is true of Deutsche Bank. Especially in your account of the crisis; after all it is currency not debt, right? Or do you now think Deutsche Bank is the central bank of europe?
by IM on Wed Sep 7th, 2011 at 08:29:02 AM EST
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The debt is the tail, the current account imbalances are the dog, and the problem is that the tail is wagging the dog.

Ackerman is the biggest flea on the tail, so he is the one who benefits the most from the tail wagging the dog.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Sep 7th, 2011 at 08:40:48 AM EST
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