Posts tagged as:

credit crisis

Different Banking Cultures Around the World

April 28, 2010 · 3 comments

in Greece, bailout, banks, capitalism, central banks, credit, currencies, debt, economy, ethics, europe, foreign investment, government, interest rates, international economy, legislation, market reports, news and updates, politics, recession, regulation, risk, sovereign debt, taxes, world order, world reserve currency

If you’re in the U.S., you may be justified in blaming your banking industry (you definitely are), but just make sure that you know you’re talking specifically about U.S. banks.  Not all banks around the world screwed everyone over.
Let me remind you that banking cultures are very different around the world.  They don’t all set [...]

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Bailout of America Started Years Ago, But it Could Fall Bankrupt By Its Own Rules

November 28, 2008 · 2 comments

in US economy, international economy

Unlike some Bloomberg commentators have implied when they said that “we’re all in this mess together,” (ie., if the US goes bankrupt, it’s not just the US’s problem) the rest of the world should not be held accountable for what were originally US administration accounting problems and US I-banking greed which caused the original off-balance-sheet [...]

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Will There Be Political Instability? How Bad Can Things Get?

October 28, 2008

in US economy, international economy, politics

When you consider all that’s been happening and put it on a short timeline, it’s amazing that we’re still seeing so much coordinated effort internationally.  This is great.  No one anywhere wants global markets in chaos.  It’s a good sign, in a way, that there is so much financial cooperation (at least that public knowledge [...]

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