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Hey look, bankruptcy isn't the end of the world. http://www.economist.com/blogs/freeexchange/2011/06/europes-debt-crisis-...
"It is expected that UK’s Chancellor Osborne will endorse plans to “ring fence” retail banking businesses of UK banks today in his Mansion House speech"
Door, horse, bolted, closed.
Hmmm too much golf on my mind. I read the subject and saw:
"Daily US Open news"
Was wondering why ZH has started reporting on the US open
Well, now there's a term we have not heard in a couple of years. As I recall, ring fencing subprime did not work out so well.
'Ring fence' sounds too much like something having to do with bending over in assless jeans to me.
"The National Bank of Greece bent over the RING FENCE in its assless jeans, exposing its unprotected flank."
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