the Other School Of Economics + leLaissezFaire
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How would you feel if your insurance changed the rules to not pay you? This is what ISDA did to Greek CDS holders. And here is how…
Prime Minister John Howard with Baroness Thatcher, London, 1997. Office of the Honourable John Howard To adopt Shakespeare, Meryl Streep came to bury Margaret Thatcher, not to praise her. This was attempted – in the film The Iron Lady – by the simple, but telling, device of retailing Thatcher’s story through a series of retrospectives of the retired prime minister, clearly afflicted by dementia. Streep’s best acting was the portrayal of her subject suffering that condition.