19 September 2008

fetch me my belt... 

Ben Bernanke, the chairman of the Federal Reserve and Hank Paulson, the Goldman Sachs tycoon who became US Treasury secretary, have done more for socialism in the past seven days than anybody since Marx and Engels.

Like a spoiled child, what big finance wanted big finance got. This week saw the arrival on the scene of Supernanny; big finance now faces a long spell on the naughty step.

- Larry Elliott, who looks like Peter Cook, but is in fact an economics journalist.

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