Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Compartmentalization. Krugman does not discuss the role of total indebtedness in triggering the collapse of '08. The problem STARTED as private debt which has been assumed by the states on the basis of the bogus TBTF arguments. So now we have Too Corrupt to Function or TCTF.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Aug 29th, 2011 at 01:15:21 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

Italian government collapse

by IdiotSavant - Jan 15
16 comments

Dutch Government Collapse

by Oui - Jan 16
4 comments

A Rush To Judgement Day

by Oui - Jan 17
1 comment

A Long War?

by Frank Schnittger - Jan 8
77 comments

Israel and A Presidential Election

by Oui - Jan 14
26 comments

Occasional Series