onsdag 2 april 2008

Banking crisis - whose fault?

It is tempting to blame the banking crisis on the regulators. But no amount of regulation can contain forces that encourage people to lend money to people who cannot afford to pay it back, on the security of bubble values that have been largely created by the same free lending policy. Regulation would be skirted round, somehow or other.

Inga kommentarer:

Bit coin futures trading

The BitCoin mania reminds me of tulip mania. I might be mistaken, since a currency has a value as a medium of exchange as long as enough peo...