How Iceland Recovered...

Generali

Linton wrote: »

I was more concerned about my savings, in whatever currency, and the savings of my employer (if I had one).

If you've lent money to an insolvent company then you can't expect the rest of society to pay you back. If you lend someone money and they go bust it's too bad.

kabayiri

When the history books are finally written, 2008 bailouts will go under the sub-heading of biggest scandals in the history of civilisation.

If we have abandoned the model of risk & return for free enterprise what have we replaced it with ?

atush

When the history books are finally written, 2008 bailouts will go under the sub-heading of biggest scandals in the history of civilisation.

This is plain nonsense. While I agree it is a scandal, it is nothing as compared to genocide.

Really2

I think sacking Kerry Katona helped.

kabayiri

atush wrote: »

This is plain nonsense. While I agree it is a scandal, it is nothing as compared to genocide.

You can have more than one low point you know. Thats why they invented plurals. Apples and Pears.

Of course genocide events are terrible.

The relationship between finance and the need to support war campaigns is also a thorny subject. Look through history.