ResourceWise

Bank Nationalization: The Bigger Picture

This article should be read - carefully, by the quick-fix junkies who somehow believe that wiping out existing shareholders is the way to attract future shareholders. Current stock prices are not an accurate reflection of the value of a company like C that has well established businesses in 100 countries with over 200 million customers. We don't need hasty remedies that support the agendas of people who benefit from the short term volatility in share prices while having no interest in the longer term success of those companies.

Fear and Greed: Premise for Capitulation and Overreaction

The financial markets must serve society in a manner that minimizes the chances of an economic Chernobyl. In its current form the markets are a collection of camouflaged time bombs that can be triggered off by any intelligent fool that has access to it – including the hedge funds and private equity funds that aren’t regulated but can play in the market and destroy value to create wealth for themselves. Their licence to steal needs to be revoked. There is a huge ocean of debt (estimated by some at $7.5 Trillion!) whose toxicity is still unknown. Unfortunately the same players and entities that are center stage in the bailout are now being empowered by society to fix the problem. I think the rules of the game need to be re-written and brutally enforced so that greed can be tempered by fear, rather than feeding on it.