re: #86 Killgore Trout

EU calls for medium-term bank debt guarantees

I’m as pissed at the banks as anyone else but we have to deal with reality here. Like it or not markets and economies react positively to these bank bailouts despite the populist rhetoric about jailing the bankers and shutting them down.

Well, that’s at least in part because the markets take that as a sign that their stream of goodies isn’t going to be allowed to dry up. I mean, yes, they react well to it, but that doesn’t mean the system itself is right or correct.