So you are saying that their (banks) management boards are comprised of retards playing with hundreds of billions but not knowing what they are doing?
along those line yes, but you need to add healthy commission and bonus systems.
I still well remember a guy on TV in late 2007 talking about subprime mortgages bubble and predicting a crash.
Thats pretty obvious if billions of $ mortgage loans were paid out and a vast majority of the mortgages were worth more than the the asset. This guy came on TV and said look we have a potential problem here.....Whoopdy doo, the damage was already done, the writing was on the wall. Thats like saying look Russia just nuked Europe i think this may mean war.
It would have bred a stronger economy in the long run.
After approx 30% of the country were rendered homeless, humm maybe. Its a global economy though, if HSBC goes down it would bring down other banks and economies with it. Its not like the government wanted to pony up $80 billion, they had no choice.
It looks like the EU have played into Russian hands
Well yeah the message im getting is that it was one big trick to blackmail the Russians into saving the day.