26 August 2008

Tough love's fatal attraction

By Julian Delasantellis

One of the most popular programs on the American A&E cable television network is called Intervention, or as I like to call it, the Super Bawl. Every week a person with a different type of addiction, be it with narcotics, alcohol, gambling, shopping, chicken nuggets, blogging, whatever, is featured on the show.

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One wonders just how close the United States Federal Reserve and Department of the Treasury are now to offering the financial markets just one last chance to shape themselves up, or, failing that, from being ineligible for any further assistance or rescue.

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