tag:blogger.com,1999:blog-2171175265245997391.post9121162126074632327..comments2024-03-02T23:32:19.314+13:00Comments on Seemorerocks: More on panic in the marketsseemorerockshttp://www.blogger.com/profile/09638172074263860001noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2171175265245997391.post-73220579840112057782011-08-20T04:44:53.140+12:002011-08-20T04:44:53.140+12:00Seems like the stock market is doing what the gove...Seems like the stock market is doing what the government should have done but failed to do two or three years ago. That is to say, marking down the banks value to reflect the worthlessness of their self-created junk bonds- derivatives etc. Although this does mean that the billions of pounds that the taxpayer was forced to find to prop-up the failed banks is money down the drain. Seems like now is a good time to nationalise and purge the system- without compensation of course. -Do we "compensate" other criminals? Of course not.Kevthefarmerhttps://www.blogger.com/profile/03119504308538393274noreply@blogger.com