Rich4REITs

Blame Realtors, Brokers and Bankers - Not Greenspan

This article is more than terrific!! The origin of all these credit catastrophes is, mainly, the greedy rooted in human beings. Unless the economic system has been altered or adjusted, there will be new, unknown risk invented by bankers. If we compare the subprime mortgage with Enron, there are thousand of similarity amid. SIVs remain prevailing and always playing a vital role within any financial scandal. Bankers just wrap their unforeseen risks into SIV and hide it. I mean it can not be seen immediately even in accordance with the new SEC rule. They only need to disclose certain SIV with time lag. It's a time bomb, still.
I would like to say unless SIV can be critically modified or even erased, we have less chance to avoid any coming financial catastrophe in the near future.

The Inevitable Derivative Meltdown

I am with the writer, if one have experienced any catastrophe like decades ago in Vietnam. This time, the trigger is no longer communist but human being itself, the greedy!! If one have a glance at how much money Goldman Sach CEO had for his annual bonus and to see what they done. I have been traveling around the world and witness many people with hopeless and helpless, like Sri Lanka, Bumbay and innerland of China. However, the tragedy will not happen, instead, there will be another revolution incurred. Open your arms to hold it!!

Alan 'Not-Me' Greenspan Strikes Again

Before 2000, people confronted dotcom bubble, the low interest rate fund save the market; however, create another behemoth unconciously. After all, the culprit is Greedy instead of Alan or Ben. As long as those super innovative banker around the world don't pay for their crimes, the greedy will morph and become something we don't perceive in next time. Policy makers are goons of those bankers, always. Frozen rate will never ever solve the problem of subprime but worsen it.
God bless capitalism!!