What I found astounding was how rapidly the EU concocted, and launched their effort. They argue about everything, hell they can't even agree on the shape of a tomato. This tells of the breadth, depth and danger in this mess.
As an aside, when 30 days is up on the insurers of Lehmans 400 billion dollars worth of toxic sludge, what do you think is going to happen. That load of melanine tainted assets sold for about 10 cents on the dollar. AIG and other insured that crap and are on the hook for about 360 billion bucks. Granted they reinsured it, but they're the first picket in that fence of stupidity and have to answer to that 1 million creditors. Just curious on your take on how that insurance ebola will burst through the skin of the market. Noones talking, barely mentioning it. It's like it being treated as a bedridden crazy pedaphile grandfather hidden in the back room.
