A fascinating story is unfolding in the US. The bill to bail out financial markets has failed and must now be renegotiated, and the reasons for the failure appears to be, in large part, disaffected Republicans whose constituency seems to be small business. The reasoning is that small business pays for its mistakes, therefore big business should too, and that anything else would be "socialism."
Well, there it is: the "s" word.
Dinosaur banking
A fascinating story is unfolding in the US. The bill to bail out financial markets has failed and must now be renegotiated, and the reasons for the failure appears to be, in large part, disaffected Republicans whose constituency seems to be small business. The reasoning is that small business pays for its mistakes, therefore big business should too, and that anything else would be "socialism." Well, there it is: the "s" word.
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