Archive: October, 2008

The European solution to banking woes

Several European nations, most notably Germany, have introduced government guarantees on personal savings accounts at their banks. This approach to bailing out, bailing out the consumer, is completely different to the until-now ‘conventional’ approach of bailing out the institutions. There are very valid arguments both ways on this issue, so here’s how I see things. […]

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What do you do after you’ve been bailed out by taxpayers?

Why, go on a $440,000 junket of course. What else?

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