The End Of Europe

[Cornfed]

David, you're probably not aware of that, but Paki is a very derogatory word to address Pakistani/Bangladeshi people in the UK, equivalent to calling black people n**gers. .

These genetic trash are invading and defiling our Motherland and you are worrying that they might be offended by a word?

[Teal Lantern]

If the wolf is a bank holding money for the sheep, I contend this is an important factor.
Sentinel ruling may hurt MF Global clients
http://www.reuters.com/article/2012/08/ ... 0T20120810

OK, but neither Sentinel nor MF Global are banks, they're buy-side institutions (who buy the products from the structuring desks or retail channels of the banks) or brokers. This big broad category of players, which include fund and asset managers, hedge funds and specialised insurers (like AIG) are much less regulated than sell-side institutions, the likes of JP Morgan, Barclays and Bank of America.

This is why, at least to the public eye, a scandal like the Li(e)bor fixing was far, far more devastating than a couple of highly speculative outfits doing what do they do best - scam all sorts of people by not playing by the rules - and losing everything in the process. This is the difference.

If only LIBOR was in the public eye, here. If I didn't follow finance on the web, I wouldn't know anything about it.
Our papers are too busy with which actors & singers are shagging or getting arrested.

WRT the banks, there was a change in the bankruptcy laws (also not mentioned in the newspapers) which put bank creditors AHEAD of depositors (above FDIC limits) in case of a bust.

You're looking at the system from the perspective of someone who expects it to be reasonable, honest, and fair.
This is a far cry from what it has become. The laws are sitting there waiting for the right crisis to come along.

Out of the mouth of the current mayor of our 3rd largest city ...

So far, everything they've touched with their "fixes" has turned to crap.

[Anti-American]

If someone leaves the USA and immigrates to Europe, they're moving to a place that just in bad shape as the USA? There moving to better or worse?