it's not a crash, it's an implosion
September 17, 2008 10:28 AM Subscribe
DON'T PANIC! Even if the sky is falling and it's happening all over the world.
Larry Elliot of the Guardian seems to know what’s going on and he isn’t raving and drooling: “We got here because people took the most amazingly reckless and stupid and greedy risks with other people’s money.”
Simon Jenkins isn't panicking either, but he does want those responsible to pay: "If the mistakes that have collapsed the world's financial markets had been made by statesmen and had led to war, there would be corpses swinging from lampposts. If they had been made by generals, they would be falling on their swords. If they had been made by judges or surgeons or scholars, some framework of professional retribution would be rolling into action. But those responsible for our finances can apparently vanish into the forest like Cheshire cats, leaving only gold-plated grins."
Larry Elliot of the Guardian seems to know what’s going on and he isn’t raving and drooling: “We got here because people took the most amazingly reckless and stupid and greedy risks with other people’s money.”
Simon Jenkins isn't panicking either, but he does want those responsible to pay: "If the mistakes that have collapsed the world's financial markets had been made by statesmen and had led to war, there would be corpses swinging from lampposts. If they had been made by generals, they would be falling on their swords. If they had been made by judges or surgeons or scholars, some framework of professional retribution would be rolling into action. But those responsible for our finances can apparently vanish into the forest like Cheshire cats, leaving only gold-plated grins."
This post was deleted for the following reason: Why are you not just adding this to one of the open threads? And why in god's name are you leading off a post with a wikipedia link, a google search, and a link to a mefi thread (in which, again, you should probably just add this stuff)? -- cortex
I think we all want the responsible to pay, unfortunately they are extremely rich, and therefore pretty much untouchable.
Which is, of course, the whole problem.
posted by quin at 10:47 AM on September 17, 2008
Which is, of course, the whole problem.
posted by quin at 10:47 AM on September 17, 2008
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Um, WMD, Iraq, Afghanistan?
posted by ornate insect at 10:35 AM on September 17, 2008