Feel Good? - Get over it- Take care of your own people and families now

[glenn kangiser]

Article and Commentary from England by someone with his eyes open.

http://blogs.telegraph.co.uk/gerald_warner/blog/2009/01/20/barack_obama_inauguration_this_emperor_has_no_clothes_it_will_all_end_in_tears

[muldoon]

That's rich.  I am not sure Britain has any right to throw stones right now.  They have pursued the same insane policy of hiding fraud, rewarding theft, and destroying their currency and now they now want to blame BHO for it. 



I am not saying that we are not to blame or that we have not made some bad choices, but they have undermined their own country -- and even more likely their own continent -- and now want to blame the USA.  What are the leverage requirements for tier capital in the UK?  Those banks are stacked worse than ours!  Now that they literally have hit the wall, and done so far and away long before us, here comes the finger pointing. 


Half of Europe trapped in Depression - http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/4278642/Monetary-union-has-left-half-of-Europe-trapped-in-depression.html

Barclays to be sold to Saudi - http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/4309296/Barclays-may-lose-control-to-Gulf-investors.html

EU reaches limit on spending - http://online.wsj.com/article/SB123248142815499073.html

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And then the very real possibilities of sovereign debt default from Ireland, Spain, Portugal and of course the UK. 

[glenn kangiser]

I just read this article... those in the know in England say they are f'd.

http://www.guardian.co.uk/politics/2009/jan/19/economy-banking

It sure agrees with what you said, muldoon.  I think things are pretty well screwed in most of the major world countries.