E.U. official rightly criticizes American banking practices

Discussion in 'Economy' started by Dot Com, Jun 2, 2011.

  1. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    Allowing bankers to reward themselves in the short-term, at the expense of companies long- term viability, just isn't good policy. We found that out in 2007


    The ideologues, of course, will differ on this.
     
  2. editec
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    editec Mr. Forgot-it-All

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    The story of the swindle is so very complex (and VERY specific) that it takes hundreds of thousands of words to even begin to describe it.

    All this idealogical blather we post here doesn't even begin to make sense of it.

    It is not about an ISM of any kind.

    Its about bad governance working on behalf of very smart and very amoral people who ddn't give a rat's ass about you or me or this nation, either.
     
  3. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    With all the incessant bitching about the economy, one would think there'd be an outcry for implementing these agreed upon guidelines. Sadly, the U.S. Congress (both sides of the aisle) receive lobbyist money from those they are supposed to be regulating. BTW- is it any wonder its taking as long as it is to get out of the 2nd worst downturn in U.S. history? Anyone who says we should've been outta the woods by now is either naive or wanting to score cheap political points. How many years did it take to get out of the Great Depression? More than three.

    EU regulator criticizes US on bankers’ bonuses - The Boston Globe
     
  4. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    International Bankers saddle us with 1.5 Quadrillion (One Thousand Five Hundred Trillion) in made up debt but I'm supposed to be worried about how much they get in bonuses?
     

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