A type of adverse feed-back loop was thus created, which has characterised the last two quarters. I repeat: we are in a period of market correction which is still under way and is of a very great magnitude. In this context, the hypothesis is being discussed in many countries of just nationalising the banks.
The sum of my political experience consisted of two terms on the local school board, six grueling years during which my fellow board members and I were trashed alternately by angry parents and angry taxpayers.