Excellent, this need to get the full light-of-day treatment. It's high time the heads of bank execs started rolling, and the uproar might prevent the regulatory rollbacks the industry is currently bribing our congresscritters for.
Re: The continuing battle against the inevitable Euro area default
Excellent, this need to get the full light-of-day treatment. It's high time the heads of bank execs started rolling, and the uproar might prevent the regulatory rollbacks the industry is currently bribing our congresscritters for.
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Re: The continuing battle against the inevitable Euro area default
In 100 years, this will be the new gilded age, only with bankers taking the role that heavy industry played.
Any takers?
sigh. I would be a revolutionary, if there were any money in it.
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Re: The continuing battle against the inevitable Euro area default
I'll bite.Originally Posted by Strike For The South
Unlike Twains' Gilded Age where cheap money saw enormous expansion of industry, agriculture and infrastructure (raising all boats), this gilded age is all about cheap money chasing paper returns essentially resulting in asset inflation. The beauty of Twains' take on things is it is just as relevant today as when published. The actors change but the mechanism of gov't/industry and "wealth creation" is much the same.
Ja-mata TosaInu
Re: The continuing battle against the inevitable Euro area default
I'm sorry, but what has the Western Roman Emperors, Clovis, Charlemagne and the Pope got to do with this thread again?
BLARGH!
Re: The continuing battle against the inevitable Euro area default
People are passing time, waiting for the default.
Ja Mata Tosainu Sama.
Re: The continuing battle against the inevitable Euro area default
Actually it happened already back in March
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Re: The continuing battle against the inevitable Euro area default
Ehrm I was promised a full scale Euro zone default and all I got was this lousy ... ?
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Re: The continuing battle against the inevitable Euro area default
That's not a default, that's debt restructuring.
Re: The continuing battle against the inevitable Euro area default
Treaty of Rome.
The EU is a Papist plot to spread peace and joy across the continent.
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