Debt Rattle, March 6 2008: King Midas meets Pinokkio

Ilargi: As I read through the stories this morning, I couldn't shake the feeling that I'm increasingly looking at King Midas meets Pinokkio: all the wooden people involved in the credit shake-down, who once turned everything they touched into gold, now just grow long noses.And I could throw in the Emperor's new clothes.Updated 4.40 pmIlargi: Never mind the big banks. Credit at ground level is