Colour of money (Score:1)
by Mer_panacea (1381133) on 2008.12.28 20:21 (#26248199) Homepage Journal
>Why bother? Hasn't 2008 demonstrated that bank management is notional? The only thing that matters is being "too big to fail", which I think means "having sufficient congressional dirt" in the common tongue.
General rule 1; Banks are saved by public fund when they had millions of non performing bonds. Ten years ago, they were able to borrow millions of dollars and now they have already finished returning the money. Instead they kept on failing to pay interest. Interest rate has been nearly 0% since then.
2; Securities companies are not saved. Yamaichi Securities, Lehmann Brothers were not saved. It is a gamble. Collapsing is also a part of speculation there.
3; Private companies ought not to be saved. Some companies go bankrupt following the change of industrial structure. Those who lost their jobs ought to be hired in more prosperous industries.
There's no colour of money. Money is prior to securities, goods. Money in banks is the last citadel and appreciated by many people at all times.