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.
Right on brother.
When this thing takes off in Europe it will be mass hysteria. Many navels-gazed and undoubtedly a terrible response.
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…
Yup. It’s all Thatcher and Reagan’s fault. Neil Harding says so.