Monday, October 31, 2011

Where is the people's money? American banks must find it!

Article from Thomas Friedman: Here.

Well, in not so many words, this is why I for one was not too upset when they started to come after the "tax havens"... the money is there somewhere. In a vault, under some one's basement floor, or in a Swiss/Cayman/Bermudian/Jersey Shore bank account- the latter is more likely.

The quicker the powers that be find out where the people's money went, the better off the entire world will be. We can do nothing about it except for hope, and pray, that a solution is found to the mess. Sure, some of it is in China, but that was a legitimate issue- a major chunk of the ill gotten gains were stolen by some people we don't even know. Makes you spitting mad, doesn't it?

Friday, October 28, 2011

Can Europe get right?

Odds are, no. They have- policy makers that is- have confused themselves on the matter. They don't know which way to go, who to turn to and what to do.

The European crisis is a fine mess, if I can say so. If you follow publications like the Financial Times and The Economist online, you would see that they have a series of articles that is continually compiling information on this crisis's origins, the issues that are happening currently as a result and also what policy makers and bankers are doing to stave off the worst!

I can list to you reams and reams of Internet files that document all of the problems and possible solutions. But it would be a waste of time.

Thursday, October 20, 2011

Gaddafi is caught!

Apparently Muammar Gaddafi has been caught at his home town in Sirte, Libya. Sources from Sky News and The Daily Mail report that he has been shot in both legs and has been transported by ambulance to a hospital.

Don't know where Libya goes with this. I hope he is kept aliveand given exile. We will have to see!

I'm not fully impressed with how easily some people forget that Gaddafi was accepted in certain circles as the man who tried to keep things together in Libya. But I am more than thankful that this bloody era is over for Libya and the Middle East.

Saturday, October 1, 2011

Kweku Adoboli is a man after many hearts!

Sort of an old story, but we know that every black man that don't have two cents to rub against the next cheered with glee when they found out this guy DID IT. LOL... but, he caused more problems than anyone could have ever imagined and thus it's a painful experience for persons in the UBS Group.

More importantly it shows you that we have not learned the painful lesson of the 2008 financial crisis at all. It's all happening all over again. These guys are just too greedy!

See story here: