Quote of the Day: Sarkozy’s Warning

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If there isn’t a solution by Sunday, everything is going to collapse

French president Nicolas Sarkozy

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9 Comments
  1. RA says

    Sounds simple enough.

  2. NervousRex says

    At this point there can be no saving; Greece and some helpers are about to eat Europe’s banking system.

    What, really, could be done now? They should save the effort spent flailing and presenting a play of saving things, and try to mitigate the collapse itself.

    After all, it’s time to stop backstopping bondholders and keep protecting depositors. And some of these idiotic banks need to die altogether. Let’s get on with it.

    1. David Lazarus says

      I am in support of leaving bondholders to take their losses, but depositors are the average person who has done little to create these problems. I do think that the depositors should be protected. It is the same if Bof A or Citi collapsed. The small depositors should be protected.

  3. Pat-Riot says

    Pure nonsense, politician are lead by bankers and not the other way around

    The FED is a privately owned Bank, figure that

  4. Bax says

    Ed, please associate a calender date with your quotes. I assume he meant next Sunday.

    1. Edward Harrison says

      Bax, this isn’t my post but I assume he means the coming Sunday also.

  5. Gloomy says

    And your prediction please Ed?

  6. Oh wait says

    I guess they decided today to decide by Wednesday instead of over the weekend. Oh, goody!

    1. David Lazarus says

      As if financial collapse will be delayed because it does not fit in with Sarkozy’s diary. Oops.

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