"run away run away!"

[dubdobdee]

Awesome closing para to today's editorial in cityAM*: “It would be tempting to pin all our the blame on the City, just as our 14th century ancestors held witches, foreigner** or leppers responsible***. That would be a terrible mistake. Bankers behaved stupidly, but they were merely the conduit for flawed economic policies. As the anger builds, we mustn’t lose our faith in capitalism.”

*The financial freesheet -- it was left on the bus i caught home after swimmin with v!ck
**all typos in the original!
**ie for the BLACK DEATH, which is the not-at-all panicky comparison the editorial kicks off with

Comments

[dubdobdee.livejournal.com]

roughly speaking i think the editorial is deploring the greenspan bailout of the dotcom bubble-burst: which was of course at the time considered amazing foresightful genius and the essence of capitalism's self-management

[freakytigger.livejournal.com]

I forget the details of this bailout - wasn't it the post-9/11 thing?

[dubdobdee.livejournal.com]

actually it cites the "ultra-expansionary policies" after the dotcom bust AND 9/11