What About Paris?™

I can think of no better thing, in the run up to that most holy of days in the corporate calendar... Christmas... that the investment world, after all the hardship they have suffered, the difficulty of collecting their own clean water, banking drought, the worries they have had about being blown to bits by suicide bombers in Baghdad, and the vicissitudes of the sub-prime market (economic terrorism from an axis of evil) that there should be 'holiday cheer' with strong earnings, and, most particularly, a possible capital infusion for Merril Lynch.

A 'White' Christmas for some ? ... I gather that Singapore, Saudi Arabia and various anonymous donors who are frustrated by not being able to give British political parties secret donations are now buying up significant holdings in major investment banks. Of course, it is possible, that I may have misread the newspapers today after eating too many mince pies.

There is a well known carol - apprpriate to this news:

Good King Wenceslas looked out on the feast of Stephen,

When the snow lay round about, deep and chopped and even;

Brightly shone the accounts that night, tho' the Fed was cruel,

When a sub-prime mortgagee came in sight gath'ring winter fuel.

Happy Christmas :-)