Tag Archive for General Motors

A Quarrel in a Far-Away Country between People of Whom We Know Nothing – Frederick J. Sheehan

Even for those living on a distant continent, the confiscation of state-guaranteed bank deposits in Cyprus is a reminder. (At this stage, it is not clear the Eurocrats will succeed.) Governments and central-banks blew their capital to save a financial Ouija board – not system – in 2008. Former Federal Reserve Chairman Paul Volcker reminded…