As I said last October, all the money in the world can be poured into the banks, and it won't matter.
Here's a nice little article on the burndown of the CDO "market". We all like to pretend that there are markets, don't we? Otherwise, how can they be free?
We watch them, we watch us, Suckers of the Western World, losing all our cargo to magic. Magic. Magic.
The era of privatisation is nearly over. But cleaning up the mess left
behind will take years
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From The Guardian Among many other challenges in dealing with the failure
of urban policy in Australia, the Minns (NSW state) government is faced
with the ...
1 day ago
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