Sunday, 21 September 2008

Seen Elsewhere (17)

High Drama in High Finance

This week has seen the world of banking turned upside down. Is it, as some have suggested, the end of an era of deregulation and enormous bonuses?

Is the '2008 Financial Crisis' over, following unprecedented Government bailouts? Or is what amounts to "a de facto nationalization of the entire banking, insurance, and related financial system" only the beginning?

Are we"in uncharted waters now"?. London Banker appears to think so, as does Patrick Vessey. Meanwhile, Charlotte Gore was inspired by the plan.

Earlier in the week, Karl Denninger warned of the possibility of hyperinflation in the US via YouTube. More commentary comes from Bearwatch. This comments thread is also worth a read.

Political commentary on the week's events from the far-left, the slightly less far left, the liberal left, a moderate libertarian and a right-wing libertarian (who had a bad betting experience).

Does the crisis present Labour with an unexpected opportunity? It certainly didn't do the Lib Dems much good, coinciding as it did rather unfortunately with their conference! James Graham does have a worthwhile post from a Lib Dem point of view.

Finally, for anyone left cold by all this, here's the 'credit crunch' explained in words of (mostly) one syllable.

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