Tuesday, November 1, 2011

Global Financial Woes

They continue.
Greece has to take tough measures but the people are not ready for that (what else they think is the solution?) and the party members too want to rebel.
Financial markets are in a tizzy after the Greek referendum.
Italians are doing a Greece-they are in spending spree in spite of the looming economic disaster. Whole society playing Nero this time.
And bankrupt broker MF has skeletons in the cupboard.
Let us take the last one for some comments.
This firm did not differentiate between investors money and their own money.
Your poor Alig always wondered who was to implement responsibility if a company, a bank or a financial institution starts a joy ride with its assets? A casual on looker will only assume that this is how the finances are managed.
Indeed we need more understanding of the function of these institutions to make out the head and tail.