Montag, 5. Mai 2008

The world’s largest shit-magnet

Risk, as a pure abstraction unconnected to any real capital activity, is all that’s left to buy and sell after all other plausibly practical vehicles for finance have failed. […]

One feature of the risk economy is the Federal Reserve’s new willingness to absorb any sort of crap collateral in exchange for massive cheap loans to insolvent companies and institutions. The Fed has, in effect, made itself the world’s largest financial shit-magnet.

Quelle: THE RISK ECONOMY

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Labels: Funny, USA, Wirtschaft

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