Incontinent

More required reading on the Global Economic Meltdown.  Of particular interest is the EU's criminal arrogance exacerbating the situation:

   "You could say the ECB also acted under the constraints

     of the age:  its rigid inflation mandate.  But I suspect that

     Bundesbank chief Axel Weber and German finance minister

     Peer Steinbruck were quite simply too arrogant to listen

     to anybody.

    "Mr. Steinbruck insisted that 'German banks are far less

     vulnerable than US banks' just days before the collapse of

     Hypo Real with €400bn (£311bn) of liabilities...

    "One can only guess what French President Nicholas Sarkozy

     has been saying to ECB chief Jean-Claude Trichet, but he

     must have warned in blunt terms that Europe's leaders would

     exercise their Maastricht powers to bring the bank to heel

     unless it slashed rates."

I still didn't get that apology, Klaus.  You're off the hook for now, Jean-Claude.  I never thought I'd say it, but "Good job, France!"