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Monster
Bei meiner ersten Reise nach Afrika schenkte mir eine junge Frau in Mali eine kleine Plastikschale. Das war das Maß einer Wochenration Hirse für eine Schwangere.
Im Jahr davor hatte ich in der Londoner City erlebt, wie sich junge Investmentbanker nach der Auszahlung ihrer Bonus-Vergütungen gegenseitig den Champagner über den Kopf leerten.
... Jetzt muss jedem verantwortlich Denkenden in der Branche selbst klar geworden sein, dass sich die internationalen Finanzmärkte zu einem Monster entwickelt haben ...15.05.2008 Horst Köhler, Bundespräsident der Bundesrepublik Deutschland, früher Geschäftsführender Direktor des Internationalen Währungsfonds IWF und damit einer der weltweit wichtigsten Finanzmarktaufseher.
http://www.bundespraesident.de/-,2.645252/Bundespraesident-H...
... Global financial markets have become 'a monster' that 'must be put back in its place', the German president has said, comparing bankers with alchemists who were responsible for ‘massive destruction of assets’.
In some of the toughest comments by a leading European politician since the start of the subprime crisis, Horst Köhler - a former head of the International Monetary Fund - called for tougher regulations and the reconstruction of a ‘continental European banking culture’
...‘The complexity of financial products and the possibility to carry out huge leveraged trades with little own capital have allowed the monster to grow ...
also responsible [is] the grotesquely high compensation of individual finance managers...’
Bankers ‘have made huge mistakes’, Mr Köhler told Stern magazine...
‘I am still waiting for a clear, audible mea culpa. The only good thing about this crisis is that it has made clear to any thinking, responsible person in the sector that international financial markets have developed into a monster that must be put back in its place,’
Credit Bubble Bulletin May 16, 2008
http://www.prudentbear.com/index.php/CreditBubbleBulletinHome
