Published in April 28th, 2010

Posted by in Current affairs, Economy, financial crisis

Want to see the faces of evil and greed? Watch the former and current Goldman Sachs executives being grilled by the US Senate Permanent Subcommittee on Investigations.
The executives were asked to explain how they packaged complex mortgage-backed securities and sold them to investors, knowing that the housing market was about to collapse. That was fraud. What is most [...]

Bank Bailout and Reforms: If you close your eyes to facts, you will learn through accidents.

Published in April 23rd, 2010

Posted by in Current affairs, Economy, financial crisis

1 Comment

Americans are still very divided over the bailout of banks and automobile companies. Even economists are divided over the effects of that massive bailout. The best way that the American people can see that their government is in their side is for it to reform the financial sector.
Sometimes Americans do not like to hear or see [...]

Evening promises are like butter: morning comes, and it’s all melted.

Published in April 3rd, 2009

Posted by in Current affairs, financial crisis

No Comments

The G20 leaders summit on the world economy held in London just ended. The G20 countries, which represent about 85 percent of the global economy, pledged no new stimulus spending but they agreed to commit billions to world trade and International Monetary Fund.
I am skeptical about all these promises. The poor countries were not heard. [...]

A deaf man may not have heard the thunder but he surely will see the rain.

Published in April 1st, 2009

Posted by in Current affairs, Economy, financial crisis

No Comments

Sometimes, heroes are not recognized because they work in the shadows. I’m referring to Tim Geithner, responsible for fixing the financial sector, the engine for the economic recovery. Obama’s approval rating should be credited to this man who was unjustly targeted by the GOP, calling for him to resign from his job. Tim Geithner didn’t [...]

A man without money is like a bow without arrows.

Published in March 22nd, 2009

Posted by in Economy, Science, Strange stuff, financial crisis

No Comments

Doctors around the US are reporting a sharp increase in the number of vasectomies. Definitely with the economy down, families across the country are taking drastic resolutions to spend less. The desire to have less children is due to how expensive childcare and health care are. This economic situation explains how finances determine reproduction [...]

A donkey always says thank you with a kick.

Published in March 18th, 2009

Posted by in Current affairs, financial crisis

No Comments

America is outraged about the AIG executive bonuses. The people’s reaction is understandable. When I think back about those who were against the bailout, I couldn’t understand–as a foreigner–why the opposition. But, now I see it. This type of behavior is basically an insult to someone who is rescuing you. It is difficult [...]

Greed is the enemy of justice.

Published in December 31st, 2008

Posted by in Business, Justice, financial crisis

No Comments

Peter Kraus, a former Merrill Lynch executive pays $37 millions for New York city apartment with taxpayer money.He spent only three months at Merrill Lynch this fall — and earned $25 million in bonus. God bless America! Executives who made millions out of this Financial Mess should return the money! [...]

Even a black hen lays white eggs.

Published in November 25th, 2008

Posted by in Economy, Obama, financial crisis

2 Comments

President-Elect Barack Obama introduced his economic team Monday. Many people in his administration are Bill Clinton loyalists. Some critics are questioning whether this is the change that the new president referred to in his campaign slogan. The new president selected the [...]

When the hunter’s dog starts chasing crickets, it is a sign that it has lost its strength

Published in October 19th, 2008

Posted by in Economy, financial crisis

No Comments

The world economies are in trouble due to the effect of the American financial crisis. Due to the fever of the election in the Unites States, President Bush is in the news only to be blamed for the chaotic situation of the financial markets, for which he’s not entirely responsible.
During the election, a president [...]

The strength of the Baobab tree is in its roots.

Published in October 7th, 2008

Posted by in Politics, US presidential elections, financial crisis

No Comments

The American economy was already trouble, but the current financial crisis has made things worse. So many people are losing their jobs and their retirement money as result of this situation. Being the most powerful economy in the world, the American financial crisis affects the world economy as well. I am troubled by [...]

« Older Entries