Thursday, October 09, 2008

No 'mays' or 'maybes' about it...

It's amazing how far government is getting involved in our banking system. Is this going to restore confidence? The idea that "the government" is in control may work against us. Maybe this thing is bigger than the governments. The idea that government bonds are AAA may not hold up. -SQUAWK BOX, CNBC, October 9, 2008, 07:34:42
Iceland just found out.

The bigger take longer to fall.