Kimbal's piece on the relative size of the problems in American and European finance. Turns out that Europe is in much worse shape. Such bad shape that they are driving up the dollar! Thanks, euro-screw-ups! It is also worth noting that the financial crisis did not start here and spread to them as much as it was first detected here. The fact that it "started here" is really a testimony to the greater openness of our system and strictness of our regulations.
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