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Bahrain: Credit crunch explained

Categories: Middle East & North Africa, Bahrain, Economics & Business

Bahraini blogger Evil Odd explains the credit crunch in simple terms: “There are three sheep in the farm. One carries inedible, infected meat. The other carries somewhat edible, but mostly tasteless meat. And the third carries what the rest of us know as good meat. The farmer realises that he cannot sell his sick sheep in the markets…and realises that if he sells packaged meat and uses a mixture of all three sheep in each package, that he will get most value out of his investment [1].”