Monday, September 29, 2008

Millennium Bug 2?

Are fears of total economic collapse following the rejection of a $700bn bail-out package spread by the same people who feared the millennium bug!?!

1 comment:

Mark Wadsworth said...


As some bright spark pointed out, if Paulson et al hadn't been threatening doom and apocalypse were the bailout to be rejected, nobody would have been worried about it, so it's a self-fulfilling prophecy.

As FDR might have said "The only thing we have to fear is Hank Paulson himself".

Haven't these morons heard about 'debt-for-equity-swaps'?