Jaseph
26 Sep 2008
News / POLAND'S CREDIT CRAZE [34]
The task maker has arrived!
The more you resist it, the more it holds firm and forces you to deal with it. Our leaders will be forced to become public servants.
A true ‘Public Citizen’ and presidential candidate, who must not be ignored, commented about the U.S financial crisis. One of the demands he proposed is, "the repeal of the Glass-Steagall Act, separating traditional banks from investment banks, helped pave the way for the current disaster. It is time to re-regulate the financial sector. The current crisis is also leading to even further conglomeration and concentration in the financial sector. We must revive and apply antitrust principles, so that banking consumers can benefit from competition and taxpayers are less vulnerable to too-big-to-fail institutions, merging with each other to further concentration."
"What should be done to limit banking institutions from investing in high-risk activities? And, “What is being done to protect small investors?”
This is relevant to what is happening in Poland, I see those bank ads on TV about lending money. Nie rozumien, nie mowie po polsku, but I do see posters and advertisements for KREDYT, now I know what “credit” means.
No other nation the U.S. had it so good for so many years, much of it was squandered away, the U.S. dollar is a piece of paper and I don’t understand its value. You can’t trade for gold.
The U.S. is beginning to find out about purging itself from all the greed and consumerism.
The task maker has arrived!
The more you resist it, the more it holds firm and forces you to deal with it. Our leaders will be forced to become public servants.
A true ‘Public Citizen’ and presidential candidate, who must not be ignored, commented about the U.S financial crisis. One of the demands he proposed is, "the repeal of the Glass-Steagall Act, separating traditional banks from investment banks, helped pave the way for the current disaster. It is time to re-regulate the financial sector. The current crisis is also leading to even further conglomeration and concentration in the financial sector. We must revive and apply antitrust principles, so that banking consumers can benefit from competition and taxpayers are less vulnerable to too-big-to-fail institutions, merging with each other to further concentration."
"What should be done to limit banking institutions from investing in high-risk activities? And, “What is being done to protect small investors?”
This is relevant to what is happening in Poland, I see those bank ads on TV about lending money. Nie rozumien, nie mowie po polsku, but I do see posters and advertisements for KREDYT, now I know what “credit” means.
No other nation the U.S. had it so good for so many years, much of it was squandered away, the U.S. dollar is a piece of paper and I don’t understand its value. You can’t trade for gold.
The U.S. is beginning to find out about purging itself from all the greed and consumerism.