Bunwahaha [still dunno why, but well, so be it]
tsionebreicruoc
Junior Chimp
Posts: 6,385
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« on: September 24, 2009, 12:02:38 PM » |
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I was just listening to a French economist, Jacques Marseille, right winger, pro market economy (which isn't something obvious in French right).
He was pointing out why the banks recovered so fast.
He said, look at the rate the fed bank in US now loans some money, 0%! And 1% in EU! On the other hand banks make loan at about 3-4% to customers.
Here would be the point about that.
So, and here it's me who speaks, it's a bit like having given a reward to those who faulted. Well, this, plus the fact that govts rescued the banks and their leaders that have faulted and caused the huge economical mess we now know, without really asking them counterparts, or sanctions made me think to the word of Churchill, you know it was about Daladier and Chamberlain back from München (Munich) in 1938:
"Britain and France had to choose between war and dishonor. They chose dishonor. They will have war."
Agree - Disagree?
I tend to agree. Well, here, the consequence wouldn't be an actual war (well, at least not directly if so), but an actual economical disaster to come.
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