This is, of course, a crisis only of Anglo Saxon casino capitalism, isn’t it?
Those Continentals, with their much better regulated banks, don’t have the same problems.
That’s why Swedbank is on the ropes, why the Danish banking system is imploding, why Fortis is being taken over.
It’s only the Anglos, of course.
3 responses so far ↓
1 Georges // Sep 29, 2008 at 9:43 am
Right on brother.
When this thing takes off in Europe it will be mass hysteria. Many navels-gazed and undoubtedly a terrible response.
2 Stephen // Sep 29, 2008 at 2:12 pm
Some of the Guardianistas are getting a bit ahead of themselves in their excitement:
http://www.guardian.co.uk/commentisfree/2008/sep/28/usforeignpolicy.useconomicgrowth
Pants-wetting stuff…
3 Mark Wadsworth // Sep 30, 2008 at 9:46 am
Yup. It’s all Thatcher and Reagan’s fault. Neil Harding says so.
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