Karl Denninger pours scorn on the latest banking "solutions". I don't pretend to be as techno as he, but I trust my instincts, and they say that this is all like a Christmas play. If Fairy Bogbrush can wave her bristly wand and shazam! the grisly bathroom throne of modern finance is sparkly clean, then why can't she wave it again and make us all rich into the bargain?
But if it was that easy, who'd staff the checkouts, sweep the streets, change the bedpans etc?
Nope, it'll have to be paid for somehow, and I don't think the rich have reserved that pleasure for themselves.