Tuesday, September 16, 2008
Central banks try to lift markets
The fact that these guys couldn't hit a button and find out their exposures tells you all you need to know. Throughout this set of bail-outs have they been rushing around calculating exposures and reducing risk? Have they b*llocks. Finally the chips are allowed to move and if these people who have to justify their existence can stop meddling for a few moments more then along with the horrific destruction that will occur ( well.. i didn;t sanction a decade of Moral Hazard did you?) .. will also occur the necessary invention, innovation , creation and efficiency that is ALWAYS a necessary part.