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Subject: Re: which Big Four UK bank will be 1st to go kaput? Posted on: Tue, 7 Oct 2008 03:27:42 +0000 (UTC)

In uk.finance Nigel Worm wrote:

> Money can basically only do one of two things. It can circulate or it
> can reside in pockets, purses, wallets and tills. If there is
> difficulty with its circulation then we arrive at the present
> situation. Somehow the system has to be unblocked.

It will be. At a new price level. Keep in mind that what's happening now
is not the problem. The credit bubble was the problem. What's happening
now is the cure.

FoFP

--
"Why not let taxpayers keep their cash and try a trickle-up approach?"

-- One wag's solution to saving insolvent banks