samedi 20 septembre 2008

Here's hoping

Writing on the scale of the crisis in the Times on September 17, Anatole Kaletsky noted, “Two weeks ago nobody would have imagined that, before the end of the month, the Bush Administration would have nationalised the world’s biggest insurance company, that two of the four biggest global investment banks would be out of business and that the US Government would take responsibility for three quarters of the country’s new mortgage loans.”

“Sadly,” he went on, “the events of the past two weeks may be only the prelude, not the climax, of this amazing crisis.”

We're not gloating, we are organising. . . .