Monday 23 February 2009

Rare or Medium Rare?

Pass the sauce.  It is not going to be called nationalization.  It is going to be called

Government Stake.

Yes this is my third post today.  The markets have just bled down to 1997 levels.  Citigroup has appears to have failed its stress test in a big way.  Worrisome bloody week even though it all seems so obvious.

And, no.  You can't have it well-done.

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