Indy Telecom & Industrial Media

Sometimes, BPSK comes up with the most insightful (yet funniest) of statements.

Karthik: Did you hear about Northern Rock?

BPSK: No?

Karthik: Oooh, they are going to nationalize it.

BPSK: Trust the brits to fall back on Fabian socialism. Wonder how deep their new found capitalism really is.

Then he went on to mention something about how Maggie Thatcher, the grocer’s daughter would have told them that grocers don’t lend their own money to their customers etc. And here is the kicker –

BPSK: Of course, in the US they would give them a 0% loan and call it capitalism. Or Paulson would call Pandit and say buy them out.

BPSK: But at least the facade is preserved.

Facade, indeed. But I do not know what is more disturbing — that the world governments aren’t bothering to keep up the facade, or that some aren’t bothering at all.