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?
Showing posts with label Casino Banks. Show all posts
Showing posts with label Casino Banks. Show all posts
Monday, October 31, 2011
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:
BBC
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:
BBC
Labels:
BBC,
Casino Banks,
Corruption,
Kweku Adoboli,
Rogue Trader,
Trade,
UBS
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