Pirates Lament

In a week or so our attention will turn to what is called the second Bretton Woods [wiki]. Hundreds of executives and staff are preparing for the upcoming meeting of the G-20. A phrase that sums up the purpose of the meet-up is that they will “apply globally the lessons learned” from this horrid financial crisis.

“Complexity, transparency, liquidity and leverage have all played a huge role in this crisis.” [link] [link]