The winner of the Turbulence Ahead Analogy of the Year Award goes to Peter Bacon for:Anglo Irish Bank is the Celtic ChernobylEasily the best (and scariest) analogy we have come across in a long, long time.
(ht Slugger O'Toole)
The winner of the Turbulence Ahead Analogy of the Year Award goes to Peter Bacon for:Anglo Irish Bank is the Celtic ChernobylEasily the best (and scariest) analogy we have come across in a long, long time.
Some might say that that analogy is better applied to NAMA.
ReplyDeleteIt's still not up there for the prize of most accurate description, usually ascribed to a London bond dealer: "A building society on 'crack'." In a nutshell, as they say.
ReplyDeleteAnd by the way, why are we still employing anyone at all at the Financial Regulator's office? Apart from Elderfield, not one of them should have had a job from yesterday morning - from the most senior official to the guy who mops the floor. THAT's how you impose discipline in a system that needs to redeem itself.
Great example of analogy! I really like it!
ReplyDeleteRecently I started posting interestnig analogies I found on the web on blog.ygolana.com . I thought it could be a good idea to create a place where people can share useful analogies. Check it out!