Tuesday, January 17, 2012

European bailout agency may need bailout

Years ago, the Cuyahoga River caught on fire.

Of course, at the time, the pictures and film of the burning river begged an obvious question: "Put out the fire, certainly yes! But with what?"

How do you put out a burning river? Douse it with more water?

The same is true as the EFSF (European Financial Stability Facility) which has just been downgraded by S&P.

No comments: