The disturbing thing about the story is that it was immediately censored.
As soon as the story was published, like all things on the internet, it was instantly archived by gazillions of computers around the world:
Yet, "somehow," the critical $24T number was quickly censored from the original story's headline and text. See the standing story here:
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/4590512/European-banks-may-need-16.3-trillion-bail-out-EC-dcoument-warns.html
Even the text of the link above, itself, preserves the $24T number (in Pounds Sterling).
FDR, my browser is having problems in displaying your previous post, "the fragility of complexity". The post isn't showing, but all the other normal content is showing, e.g. archive links and most recent comments. I'm using IE7, and the status bar says, "done, but with errors on the page".
ReplyDeleteHmm, now it displays. Seems to be an intermittent problem. Could be just me.
ReplyDeleteWouldn't want to let the minions know what's really happening - after all, they couldn't possibly know what's best for them. Better the state decide behind closed doors (and it's so much easier to serve our self-interests in privacy).
ReplyDeleteTalking about censorship, today I was censored by the Guardian for making a relatively innocuous comment about Gordon Brown selling England's gold reserves at the bottom of the market. It would seem the stasi is alive and well.
ReplyDelete