Author Topic: The financial crisis  (Read 1879 times)

Jubal

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The financial crisis
« on: May 24, 2010, 08:28:58 PM »
What should be done about the fact that the finance of many of our countries is in deep ***t? More cuts or later cuts? Is this a sign that we should never borrow money again unless utterly necessary and try to eliminate structural deficits? Should more countries create some form of the old US Glass-Steagall act to break up investment and high street banking?
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master412160

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The financial crisis
« Reply #1 on: June 05, 2010, 08:16:04 PM »
Greece suffered very hard, when the crisis was ending. Not sure why Greece had a  money blow out of the blue.

Jubal

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The financial crisis
« Reply #2 on: June 05, 2010, 08:29:42 PM »
It was because they'd covered up a lot of their debts by moving them financially so people wouldn't know about them. Then someone found out and the traders all panicked and went apearmadillo.  :-/
The duke, the wanderer, the philosopher, the mariner, the warrior, the strategist, the storyteller, the wizard, the wayfarer...