Date: November 5th, 2008

The inevitability effect: Part 1, who wants a piece?

5 November, 2008 (10:29) | Government, Legislation and policy, Policy, Subprime, Theory, US News | No comments

The concept behind this post has been in my head for years, but it took the events of last weekend, when Treasury’s master plan to recapitalize the US banking system was forced through Congress, to crystallize it into a phrase: the inevitability effect.
 
No, that’s not the latest Robert Ludlum thriller.
 

 
Rather, it describes the change [...]