Dummys View of the Global Crisis
Monday, March 9, 2009 : PermalinkGiven the string of problems created by hedge funds, derivatives, investment funds, insurance companies, pension funds, mortgage securities and hairy bank loans over these few years, it is becoming increasingly apparent that high flying investment managers and financial whiz kids are not as great as they seem in spite of their insistence in paying themselves billion dollar bonuses.
As if these were not enough, Gordon Brown the architect of the British economic miracle of the Blair years is now thinking of printing money – ₤150 billion worth. This sort of makes him roughly equivalent in competence to the whole Japanese Occupation Government in Malaya from 1942 – 1945.
Tags: bank-loans, competence, derivatives, dollar bonuses, economic miracle, financial whiz, gordon-brown, hairy bank, insistence, insurance-companies, investment managers, investment-funds, japanese occupation, malaya, mortgage securities, pension-funds, printing money, spite, whiz kids
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