“Atlas was permitted the opinion that he was at liberty, if he wished, to drop the Earth and creep away; but this opinion was all that he was permitted.” – Franz Kafka Watching with interest Italy’s new Bank Rescue Fund meeting with investors’ understandable skepticism, given the dismal 5B equity buffer against 360B of nonperforming loans which amounts to a miserable “equity tranche” CDO like attachment point of 2%, we thought for this week’s title analogy we would use a tongue in cheek veiled reference to the 1957 Ayn Rand novel, “Atlas Shrugged”, where she dealt with the failures of governmental coercion.

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