Government agents

“Barclays’ new chief executive is considering increasing the bank’s risk profile, in order to hit profitability targets over the next three years..”

 

-       Patrick Jenkins, The Financial Times, surprisingly not from its April 1^st edition.

 

“The budget deficit will clearly be below forecast. The country is doing its job and doing it well. Portugal will not request financial aid for the simple reason that it’s not necessary.”

 

-       Portuguese Prime Minister, Jose Socrates, 11 January.

 

“The “overpaid” fund management industry is destroying $1,300bn of value annually, according to an unpublished draft report conducted by IBM.”

 

-       FTfm supplement, April 4^th.

 

Assessing the causes of the worst financial crisis since the Great Depression, widely but erroneously believed to be behind us, the common public response has been to single out bankers as the constituency most responsible for malfeasance, malinvestment and generally malodorous behaviour. But while bashing the bankers provides some form of grim relief for the increasingly beleaguered middle classes, they are merely a necessary but not sufficient target of the public’s wrath, and not the sole culprits behind the crisis. It’s like the dilemma of being faced with Adolf Hitler, Joseph Stalin and Peter Mandelson in a prison cell, and being given a gun with only two bullets in the chamber. (One possible resolution: shoot Peter Mandelson, twice.) Yes, we all now know that without dodgy mortgage brokers and venal lenders, foolish borrowers could not have been allowed to take out idiotic loans; that without dubious investment banks, that pyramid of idiotic loans could not have been repackaged and redistributed to idiotic investors; and that without conflicted ratings agencies, those repackaged idiotic loans could not have received the imprimatur of investment grade ratings when those same repackaged loans were technically, in the words of Richard Bitner (‘Confessions of a subprime lender’), not so much chicken salad as chicken s**t.

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Comments

[Book of Ra Casino]

blabla danke für den backlink

[Book of Ra]

nochmal danke

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etc. pp

[Roulettespielen]

Also ich vermute das ist nur eine Trendsache

[Trick]

In der Tat ein super Kommentar. Ich sollte thepriceofeverything.typepad.com mal mehr besuchen ;)

[Strategia Gry W Ruletke]

Hammer Beitrag, das wollte ich schon immer mal ausdrucken, wusste nur niemals wie man das niederschreiben konnte !

[Novoline Tricks]

Also ich denke das ist lediglich eine Mode

[Roulettestrategie]

Also ich bin der Meinung das war eh nur eine Mode

[Roulettesystem]

In der Tat ein super Beitrag. Ich werde thepriceofeverything.typepad.com mal häufiger lesen :-)

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