Samstag, 20. September 2008

USA: Reset, und dann dieselben Fehler wiederholen

According to Paulson, the federal government is busily crafting a taxpayer funded scheme to absorb all of the bad mortgage debt and make Wall Street whole again. The idea of course is to put an end to the annoying financial crisis so we can get back to the serious business of overconsumption and debt accumulation.

Quelle: The Death of Capitalism :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website

Andere gute Ausschnitte aus dem Artikel:

Bernanke, however, is about as effective as Congress. He’s an academic, and has absolutely no idea how to fix this mess. That is apparent.

The take home message here is that if they don’t like the rules, they’ll just change them.

Indeed the mood of Wall Street has changed from pure despair to pure euphoria in the span of 24 hours. Lost in all of this are the reasons for the euphoria. We’re losing our free markets and there is cheering. US taxpayers will pay for this mother of all bailouts for decades, maybe longer, and there is cheering and euphoria.

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Labels: Politik, USA, Wirtschaft

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