I think there are still quite a few German Landesbanks that didn't go under yet. I'd call those first and sell it to them. Complete with offbalance SIV and all :D
Yes that's true. America (since day 1) was always about independence and setting their own agenda. Since WW1 and WW2 made the US a world power however it always followed a certain pattern:
1. US makes a decision unilaterally
2. The (western) world follows because it's either western...
I am not surprised our resident ET experts have to call out a guy like Biggs and call him a "perfect fade". Oldschool investor, in the markets for decades, saw all manias and recessions and made his investors $350m net of fees this year...