It's a small world but I wouldn't want to paint it
Wednesday, March 11, 2009
Accrued interest on Voodoo maths
Accrued interest argues that banks should be given time (by government fiat) to work out of their problems - so that their underlying cash flow keeps them solvent. My voodoo maths point entirely. And he does it in the context of GE - where I think Voodoo Maths will do its job.
Any more people on this bandwagon and we would have a movement.
Note - an assessment is still required. Nationalisation after due process.
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