The Swiss
pre 15 godina
BTW I haven't seen any French
people living on $80 monthly food coupons yet as the 40 million of your fellow Americans do.
(Leonidas, 14 August 2009 20:33)
It even goes beyond that, Schwarzeneger proudly declared today that they will start paying with real money some time in september, it says all...
You have a pretty good analysis! There aren't any miracle solutions to what happend apart from drastic regulations in the finance system and "forced" responsibility of the financial institutions and a more social approach in the relations between the race to the profits and the "price" the employees have to take.
I have been active more than 20 years in the banking and private equity business and quited just a few years back when the new wave "how to make quick money made in USA" started!
It was just unbelievable at which speed the financial instruments were created without any controls and logic, (a little bit of this, a little bit of that, put a triple A stamp on it and here you have the perfect bundle of crap to sell) and all this just for the sake of posting enormous profits that had no connection whatsover with the economical reality!
Today we are all paying a heavy price for this blindness of grid, but the question remains, are we going to learn the lesson.... doubtfully!!
The stock exchange went up already 50% since march based on an eventual, to come, eventually, soon to come, end of the tunnel, on the way to recovery, blablabla bla type of comments, like the Fed just had a few days ago before this "real" datas came out.
Germans are definitely way ahead in the structure of their industry and finance tools.
France remains very state oriented, which during this crisis certainly helped!
10 Komentari
Sortiraj po: