"If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or your arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that you were our countrymen."

Monday, 12 September 2011

The Banks Are F*cked - Buy Beanz

Belgian Bank Sh!t Storm

Secret bail-outs - who'dathunkit.
Apparently teh Belgian government has already had to step in to bail out Dexia today. I doubt it will be the last time. And in this story is a pattern of bank to bank contagion that we might be seeing more of as share prices in teh French, Italian and Greek banks continue to plummet.

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