The Mudcat Café TM
Thread #114840   Message #2453522
Posted By: Paul Burke
30-Sep-08 - 03:29 AM
Thread Name: BS: If the Bottom DOES fall out
Subject: RE: BS: If the Bottom DOES fall out
I wonder what the Romano- British were discussing in 400AD? The Roman Empire seemed set to last forever; within 10 years Britain had fallen into the Dark Ages. The Western Roman Empire itself lasted less than a hundred years more, though Byzantium was effective for another 700 or so.

One major problem with a "bailout" is that the assets have been wildly overvalued. Eother the value has to drop, or inflation has to catch up with them, so the main effect of a crude financial get-out-of-jail-free could be hyperinflation. Oh, and forget about that pension.