“So we no longer have any money and were now perceived as a bad risk in the wholesale money markets, so none of the other banks will lend us any money, which they havent got in any case, because no one will lend them any money because everyones too paranoid about everyone else being a bad risk.
So Im afraid were going into liquidation, but that nice Mr Potter in town will give you 12 cents in the dollar for your money which I think youll agree is a pretty good return on a triple-A rated bond these days.”
