Following the agreement reached to clean up banks U.S. and Europe, we get the G-20 summit to redesign the financial system in the next fifty years. mode of Bretton Woods XXI century the summit November to be avoided in the future as the current financial crisis. Not succeed, because the bankers back to designing products and derivatives that within 15 years will once again lead to a situation like the present, or worse.
What is happening now, as I said before, is but the continuation of the tools designed in the 80s. If derivatives are now considerably more sophisticated than junk bonds devised by Michael Milken in Drexell , what awaits us in the next decade will leave subprime mortgages and their coverage as child's play. I hope this blog remains open then, to bring up this post and previous show that "I said" (a phrase I hate, but you're right).
Shouting " greed is good " Milken, Boesky , Levine and other white-collar thieves ruin to millions of savers who had come to the high returns of products. The crash of 87 was fully comparable to the present, if not more. One difference: globalized market contagion make it immediate and worldwide. If you have a stock exchange on Mars, the Martians would be ruined by subprime mortgages on its craters (Although the English construction and would take years to build apartments on Mars and elsewhere in the galaxy). In short, the 80s was not worse or better than that, just playing then and now plays. And will be playing again in fifteen or twenty years. Our leader cosmic
ZETAPAD , meanwhile, is completely devoted to be at the meeting next month. Want to get in the shot and is traveling this week in the last five years. It's pathetic efforts of our leader for taking a picture with rich friends and some poor who will go to U.S. .
Spain, the eighth largest economy in the world will not be present at the conference, and will not be for the same reason that no one was in the "mini-summit " January : Because ZETAPAD not paint anything on the international scene. And not look for their own damn fault.
Years of playing balls to the U.S., France, Germany, Italy ... the entire global world. And the last few days have not helped, and again insisting that the blame of all Americans, and that we are here to save the world. Yesterday the White Cucumber ineffable, while resting vomiting of disgust that gives Real Madrid, made an invaluable service to Spain insists that ZETAPAD must ESAR at the meeting because the fault is the U.S.. Thus, making friends last minute. Only comparable to the ineffable Miguel Sebastian, the never sufficiently weighted-sweep ex-candidate for mayor of Madrid, which also said yesterday that "there are only 13 days Bush, spending soon." You are correct that we finally got rid of Bush, but at the community of neighbors, it is unlikely that the 5 th B inviting us to your party if you remember in each neighborhood council that the above takes out the garbage at inappropriate times, and also robs the attic of the car magazine that every month she receives in the mailbox.
Now ZETAPAD just go, hurry up and running, the EU Summit -Asia, collect (rather to beg) support for their presence. But the key is what the hell makes ZETAPAD the meeting? Absolutely nothing. In fact, if I was not asking to go to U.S. even been dropped by the summit, there will be several European leaders. And is that foreign policy is so ZETAPAD pathetic is matched only by his equally pathetic domestic policy. So what interest can be Gordon Brown , Nicolas Sarkozy , Silvio Berlusconi (collejas another to give to and do not stop) and Angela Merkel in the presence of ZETAPAD ? What are the recipes that can bring the undocumented to the global crisis? But is it a crisis? Is not that a slowdown?
By size of GDP , as one of the ten largest issuers of foreign investment, the strength of banks, for the effective regulation of BoS ... for many reasons Spain would quietly place the U.S. Summit. However, the visionary ZETAPAD not found interesting into the G8. Our Leader considered more interesting to talk with leaders like banana Chavez , Kirschner, Evo Morales, Correa or Castro to do with world leaders. In fact, the President of Spain should be one of those world leaders, as was Aznar not so long ago. González Aznar or as men of state, would not be any problem at the first guests.
Now go get the impression though, is to be the guy to be invited to a wedding commitment. You know, that Aunt second coñazo to inviting, but it feels far from the main table in the children's table. There, all he does is eat and get rolls in the bag, because what happens will not even notice or tell anyone.
Or worse, the impression is the one at school at the party. That is possibly the most pathetic of all. I imagine a waiter at the Plaza in New York to see him and ask " sorry sir, could you show me your invitation? ." There is no danger, my command of Norwegian is better than English ZETAPAD, so will the clueless or to remove Moratinos will attend.
did not invite me, but I was ... around the corner, waited for the moment, do not watch me, and get inside ...
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