Quote of the Day: Sarkozy’s Warning
If there isn’t a solution by Sunday, everything is going to collapse
– French president Nicolas Sarkozy
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If there isn’t a solution by Sunday, everything is going to collapse
– French president Nicolas Sarkozy
Comments are closed.
Sounds simple enough.
At this point there can be no saving; Greece and some helpers are about to eat Europe’s banking system.
What, really, could be done now? They should save the effort spent flailing and presenting a play of saving things, and try to mitigate the collapse itself.
After all, it’s time to stop backstopping bondholders and keep protecting depositors. And some of these idiotic banks need to die altogether. Let’s get on with it.
I am in support of leaving bondholders to take their losses, but depositors are the average person who has done little to create these problems. I do think that the depositors should be protected. It is the same if Bof A or Citi collapsed. The small depositors should be protected.
Pure nonsense, politician are lead by bankers and not the other way around
The FED is a privately owned Bank, figure that
Ed, please associate a calender date with your quotes. I assume he meant next Sunday.
Bax, this isn’t my post but I assume he means the coming Sunday also.
And your prediction please Ed?
I guess they decided today to decide by Wednesday instead of over the weekend. Oh, goody!
As if financial collapse will be delayed because it does not fit in with Sarkozy’s diary. Oops.