I know, I haven't been vocal about the events of this past week, but am fairly speechless, even though Duncan Black has been warning about this for years. (Eschaton.) But Friday a week ago, the news was in a panic, Lehmann brothers were gonna go down the tubes. So what did one German Bank do? They had a 330 million Euro loan set to go to Lehmann brothers on the following, (last) Monday, didn't stay on the news, and it got sent down the tubes. The papers are rabid, it is taxpayer's money that run the bank.... Only it turned out to be 536 million Euros. Go figure... Dumb? Oh yes.... Two CEO's got suspended. Not fired. Suspended. Now go figure....
The photo is of an 'installation' in front of a museum here. Which means that the post-modern arts festival is about to begin, but I thought it fit.....
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