2009
09.18

Barrack Obama says “We will not go back to the days of reckless behavior and excess.”

 

That’s sounds great and all but as long as there are huge corporate companies like Goldman Sachs, Citigroup, Bank of America, etc., which are allowed to bend the rules of government financial policy to their own advantage, there will always be reckless behavior and excess.  The truth is in the pudding.

 

Fall Of 2008, the American financial system goes down due to the greed of Wall St, and what’s the first thing that happens? The Government bails them out.  When the Government bails out the many large firms of Wall St., the firms start handing out $100 million bonuses, and exotic million dollar vacation trips are bought.  As far as I can see,  it looks like days of reckless behavior and excess never left, they’ve only just begun on a whole new level.

 

In conclusion, the American financial system and the days of reckless behavior and excess are not over.  The American financial system will begin to claw back to it’s old way within short time.

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