Finanzmarktstabilisierungsgesetzverfassungsbeschwerde

Say that word ten times real fast. Hurts, don’t it? But what does it mean, you ask? I’ll tell you what it means. Or at least I’ll try to tell you what it means. This is important, I think. This could be our way out. Out of the financial crisis, I mean.

 

Don't bank on this one

 

Finanzmarktstabilisierungsgesetzverfassungsbeschwerde means that some poor lady who invested with Lehmann Brothers a while back is going to take her “case” to the German supreme court and try and get her money back based on the premise that if the banks get bailed out, then why not her.

 

Of course her mom probably never told her that just because little Jimmy or a bunch of big honkin’ banks jump off the bridge by making unsound investments doesn’t mean that she has to do the same damned thing. I’m just sayin’.

 

And now that I’ve re-read what I just wrote I’m not at all sure what’s worse, Finanzmarktstabilisierungsgesetzverfassungsbeschwerde (the word) or my attempt to explain what it means.

 

„Finanzhilfen für notleidende Kreditinstitute – nicht aber für Privatpersonen?“