Hello and Good Morning,
After yesterdays monumental news coming from both sides of the Atlantic and Asia concerning interest rates, it certainly looks as if a new world order is about to happen, if not already taking place.
Glad to see more government intervention in regards to the banking sector and especially from the UK side. The protection of peoples savings/investments from the failed Icelandic banks was an excellent plus in this sordid mess. How this arrived at this stage is anyones guess, but let's get the financial markets in better shape and then we can turn to sorting out the bank messes and the other financial institutions, indeed there has to be a reckoning in all of this, AND a lot more transparency by banks in there dealings, after all a lot of us taxpayers are in the process of bailing them out,OOPS! I meant helping.
If these banks are not lending to one another and supposedly hording money in their reserves, then I cannot see why taxpayers money is being used to assist them. The British government I believe has done the correct thing, but would go further in ordering those banks to start lending OR be taken over completely, after all we pumped enough money into the system to do it.
Yes indeed a new world order is fast approaching, and the murky and often secretive world of these financial institutions will hopefully be a matter resigned to the history books, and this "Old Boy Network" be also resigned to the dung heap where it belongs.
As our prime minister has mentioned it needs bold and imaginative thinking and I couldn't agree more, but I believe that more has to be done, enough is enough. Back to work for me and have a nice day!
Best Wishes to all.
Subscribe to:
Post Comments (Atom)


No comments:
Post a Comment