Quote Originally Posted by Don Corleone View Post
Did you just take a big gulp? Then stop whining about irresponsiblity in the markets, because you are in fact part of the problem. And in the interest of full disclosure, so am I. Which is why Mrs. Corleone and I are making some moves towards liquidity to get all unsecured debt retired within the next 12 months. I strongly and vehemently urge all of you to do what you can to move down the same road. If you have a rainy day fund, well, it's coming down pretty hard right now...
Well, we're all being told off. I have listened to several economists recently pointing out that the rich are withdrawing a lot of investment funds which makes the problem worse by reducing liquidity. I have certainly reduced a great deal of exposure to the stock market and moved capital to safer havens. As noted earlier, we did take a very profitable but entirely surprising punt on bank shares before the bailout plan, but that will go some way to paying inheritance taxes in two countries.

I can see this is not the typical problem, but are politicians really expecting large fund-holders to stay in the market?

Anyway, I agree with Lemur - it'll be a very nasty day when responsible loans are called in - not least because by then, you won't need to pay them back to the hollowed husk of a finance system unless it be in sea-shells.