tag:blogger.com,1999:blog-3587064.post3194531202253594802..comments2023-06-19T13:39:00.651+02:00Comments on BONOBO LAND: Trichet Announces New Rules For ECB FundingUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3587064.post-5016250724861949992008-09-10T09:50:00.000+02:002008-09-10T09:50:00.000+02:00Hi Geert,Glad to see that you are well."Without an...Hi Geert,<BR/><BR/>Glad to see that you are well.<BR/><BR/>"Without an appropriate framework, all we'll do is move our problems to the future."<BR/><BR/>I definitely agree with this, and with the moral hazard argument. What is involved - eg in the Fanny Mae thing - isn't a "freebie", but a straight swap of public for private debt, in order to maintain mortgage financing during an orderly Edward Hughhttps://www.blogger.com/profile/10384039867580949531noreply@blogger.com