Thursday 2 October 2008

Ship of Fools

I freely admit to not fully understanding the current financial turmoil, although I suspect that a lot of it might have been avoided if some of the major players in the City and Wall Street had admitted in good time that they really didn't know what the hell they were playing at, either. But there are a couple of interesting comments on the fallout from the huge mess here and here.

History - we don't seem to learn from it, do we?

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