Forum Post: Eurozone banking crisis
Posted 12 years ago on Dec. 7, 2011, 6:11 a.m. EST by barney21
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Well would you believe it they have come up with a revolutionary plan something "other worldly" to solve the crisis "lets just shuffle the pack and appoint all those banking experts to head the financial institutions not in the banks/financial institutes that they once were charged with overseeing but in others,musical chairs I believe.
We've let our banks buy and sell all these crazy high risk derivatives and keep them off their books----That's why the Eurozone is suddenly a crisis in our market. We have done nothing to slow the high risk behavior that caused the housing crisis and 4 years of recession. Everyone in America should be angry about it. Successful entrepreneurs with fat 401k's should be as mad as people who lost jobs and can't find new ones. Here's a good article by Dylan Ratigan on the subject.
http://www.dylanratigan.com/2011/12/06/leverage-the-dynamite-strapped-to-our-markets/
This is a batlefield betwen dolar vs euro, dolar whants to end the euro because they dont whant a strong euro, just in time to save the dollar. Dolar really has bigger problems than euro. Thats why Merkel, just whant to get some time, because dolar will explode by itself sooner or later . The truoble is that dollar doesnt whant to lose it "international" currency status. With a strong euro that status will be lose faster.
I have an idea; lets take half of our police force and make them financial regulators. If our regulators attacked the problem as veraciously as cops serve and protect, we would not be in this mess.
I thought that it was announced the FR/DE summit would not end without a powerful plan. Nothing has been set in stone yet?
http://www.youtube.com/watch?v=4Z9WVZddH9w
http://www.youtube.com/watch?v=EewGMBOB4Gg