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What, you don't like my answer? The link was just to a few paragraphs that posed the question and then stopped. Did I really want to hassle over getting an non-answer I already knew?
I've really gotten tired of all this fancy dancing. Oh, what are we going do? The Europeans are even more annoying because they are better at dodging the issue.
If you really want to puke follow the EU `Crisis' stories on AJE and France 24. One really expensive suit after another mumbles with some high brow accent. Their elites are a lot more stylish than ours.
Barnake, Geithner, all those jerks at Harvard and Uni Chicago talking and talking and talking and talking ... Meanwhile some junior suit from some official prosecutor's office announces what a great settlement they got at .000001 cents on the dollar of outright theft/fraud. It's a gnat tax on billions of criminal transactions. Oh, they are scared now.
I am even tired of Krugman. Ah! Fuck you.
CG