Aaaaactually, the credit crunch is caused by employment policies like McDs, trading policies like Enron, accountancy practices used by companies like M$ and voters thinking a nice smile is a good enough qualification to run a country.
The Derivative Death Star and all that other verbiage is just cruft obscuring the real problems. The fun and games: reselling resales in a ring, and that is what the DDS is, is exactly the same problem that took loads of Lloyds Names out years ago. All that took to solve that, and will solve this problem, is to allow some to go bang.
Allowing Banks to go bust, or throwing money at them, makes no difference whatsoever, as that is not the cause of the credit crunch itself.
The Derivative Death Star and all that other verbiage is just cruft obscuring the real problems. The fun and games: reselling resales in a ring, and that is what the DDS is, is exactly the same problem that took loads of Lloyds Names out years ago. All that took to solve that, and will solve this problem, is to allow some to go bang.
Allowing Banks to go bust, or throwing money at them, makes no difference whatsoever, as that is not the cause of the credit crunch itself.
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