Don Marti

Sun 28 Sep 2008 10:50:43 AM PDT

QoTD: John Gray

"The fate of empires is very often sealed by the interaction of war and debt."

-- John Gray (via Charlie Stross)

Bonus links:

Smaller Banks Thrive Out of the Fray of Crisis (via Alex Tabarrok).

"The proposed Wall Street bailout would not stop the next wave of defaults..." -- Chris Mayer op-ed

And James K. Galbraith writes, "Is this bailout still necessary?"

Jim Kunstler is now looking like an optimist.