83,229
edits
Locomotive Act: Difference between revisions
Jump to navigation
Jump to search
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 3: | Line 3: | ||
This worked passably well until Karl Benz invented the ''motorwagen'' in Mannheim in 1885, at which point the potential for screaming along an autobahn at 240 mph suddenly outweighed the practical benefit the Red Flag Act offered. | This worked passably well until Karl Benz invented the ''motorwagen'' in Mannheim in 1885, at which point the potential for screaming along an autobahn at 240 mph suddenly outweighed the practical benefit the Red Flag Act offered. | ||
I mention this really only for its {{tag|metaphor}}ical power | I mention this really only for its {{tag|metaphor}}ical power which will, one day, become apparent to financial regulators who think it is a sensible prudential step to have lawyers to walk in 60 yards in front of [[master agreement|master trading agreements]] waving opinions on the enforceability of [[close-out netting]] in them, but doesn't appear to have yet. | ||
{{draft}} | {{draft}} | ||
{{egg}} | {{egg}} | ||
{{c|netting}} | {{c|netting}} | ||