After 6 hours of meetings and 4 hours for photographs the "leaders of the world" decided to GET BACK to "contol values" (Peer Steinbrück Interview: http://www.zdf.de/ZDFmediathek/content/228?inPopup=true).
So there were "control mechanisms" before some "cataclysm" happended. Strange, isn't it?
Now we (tax payers) have to pay 2,500 Million USD to save banks who are again charging 25% of interest rates of credit cards we have been given - because they did not want to give us loans at 4% or 5% interest rate.
The biggest problem: we will be paying even more from March on, when the "world leaders" realize that all those broker cocaine-junkies don't fall for their eye-washing, and all the investors realize that they can not eat the money they have lost, but still feeel theor right of claiming their revenues.
We will have lots of fun with the financial world in the near future.
Please give best regards to your bank!
Saturday, November 15, 2008
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