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I feel scared about what will happen. There's enough money to go around the world to spread around evenly. But some people are so greedy.
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does anyone agree with the goverment bailing out our financial institutions or do you think we should let them go bust. I don't like the idea of badly run banks and building societies being bailed out, but also think it would be worse for all of us if nothing was done and they went bust
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Financial crisis, who's to balme? who is to blame for the current crisis, I think thst it is down to greed from the banking instutions who just seem to think that house...
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who is to blame for the current crisis, I think thst it is down to greed from the banking instutions who just seem to think that house prices etc would just keep going up and up for ever, who in their right mind would think it was a good thing to lend to the poorest people, charge them the most for it and then be be surprised when they find that these people are defaulting on their payments?
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de ja vue I have been recently thinking about the economic crisis and couldn't help but notice that this isn't the first time that at least the...
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I have been recently thinking about the economic crisis and couldn't help but notice that this isn't the first time that at least the western world has been in this situation. Does anyone else think that this is the consequential result of how finance is managed, meaning that (collectively) invest in the banks etc and get paid interest, have pension funds which invest and earn interest, buy houses that rise in value (in most cases) and have an economy that relies on growth to meet the needs of both goverment and the people. it seems to me that we will always find ourselves in these sort of crisis from time to time because we are trying to maximise the growth of our money and looking for the next sure bet, in the past that has been investing in developing countries, investing in people the sub prime market and the next bomb shell could be if something goes wrong in either/or china and russia. what do you think?