The credit crisis is going on and on. It is very clear now that the banks and finance world have been out of contol for a very long time. They have been creating and dealing in what have proven to be essentially fictitious assets.
The rest of the world is bailing out these people but I have to confess that I have yet to see too many stories of CEOs, CFOs etc being called to account. I would like corporate governance to call these INDIVIDUALS to account.
I do appreciate that the likes of Lehman Brothers collapsed but that took with it clients and their money who were probably innocent.
DW
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