Please do more!

I liked your comments, very conversational, good length, liked the way
you referred to your computer to back up your stats. Vlog had a nice
feel. Your writing is superlative. This was just as useful.

Thanks.

Thanks for that excellent comic strip on free trade, Stevie. And the rest of the site looks really good too. I will probably be on it for weeks, or months, going through it all.

Thanks for responding, David Malone.

I agree that the German and French banks were exposed to the Greek debt problem – but here we face an issue of a different kind. Nationalizing a bank in Germany or France isn’t the same thing as nationalizing a bank in Britain. Where they can do as they please… in Europe the reigns are held rather tighter. Never mind, it didn’t happen and the banks got away with their deceit.

The other side of the coin was, as you say, the American exposure through CDSs and other forms of derivative. This exposure was incalculable – but probably larger than anybody dared estimate. Hence the fears from the US side of the Atlantic.

But of course, everything’s fine! The banks have been stress tested by applying a glass of cognac, smooth music and a comfy bar to sit in.

“The 4 panotmime horsemen of the Neo-liberal apocalypse” – Brilliant image!