06 October 2008

Craziness

From the Prime Minister of Iceland:

There is a very real danger, fellow citizens, that the Icelandic economy, in the
worst case, could be sucked with the banks into the whirlpool and the result
could be national bankruptcy.

and...
The task of the authorities over the coming days is clear: to make sure that
chaos does not ensue if the Icelandic banks become to some extent
non-operational.

It's crazy to hear the leader of a nation talking like this. Could this ever happen to the United States? I'm a pessimist, so you know my answer. I fear, "Yes."

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