From the pony to the spherical cow

Whilst we’re at it; watch Tim Worstall claim that the banks don’t have any mortgage-backed securities on their books. Indeed, Tim, if you were right there would be no reason to nationalise them; but then, we wouldn’t be in this mess. As Molotov said to Ribbentrop, so if the British are finished, why are we in this bunker and whose are those planes?

It’s always a laugh waiting for the talking points caches to sync with the authoritative nonsense server.


  1. Matthew

    It’s increasingly a source of comedy gold. My current favourite is this ‘solution’ to the credit crisis, which as far as I can work out is for the world to have a single enormous bank.

    Good to see you yesterday, btw.

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