Final Article in This Three-parter on the Great Recession Hoax. in a Nutshell, Can be Summarized as "why Your Government Acts Bonkers."
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America is in financial crisis but instead of the financial oligarchy being broken up to permit essential reform they are continuing to use their influence to prevent precisely the sorts of reforms that are needed immediately to pull the economy out of its nosedive. Unfortunately, our legislators seem unwilling to act against these powerful financiers opting instead to succumb to their power and influence and continue to give them what they deem to be in their best interest.
The banking industry is warning that efforts by the White House to impose a series of new regulations could backfire by undermining the economy at a time when it is still particularly vulnerable.
For recovery to happen we need a global recovery that is lead by the United States. The US have a significant fiscal stimulus on the way with very low interest rates and the policy levers are in place to try and nurture this recovery. But we are still a long way away from the resumption of any growth and recovery at this moment. A lot is expected of Barack Obama, the newly elected president of the United States. He is seen as the saviour of the free world economy by a rainbow of nations.
Despite China’s constraints on its banking and financial industry, foreign banks reported robust profits from its business coming from the mainland; providing a respite from troubled U.S. markets.
To really fix the financial and banking system governments and regulators need to get to the core of the problems that led to the 2007-9 financial crisis. The evidence so far indicates that the current approach has failed and that throwing money at banks is not a part of the solution. Unless the authorities can get the “fix” right we are facing ongoing crisis as banks revert to their old ways with little regard for anyone but themselves.
Today the banks become more sophisticated, the benefits of information technology will grow into leaps and bounds and the most benefited one is the customer.The application of information technology will help in increasing the operating efficiency of the banking system. Its application will result in cost and time saving.. Hence the branches can provide improved customer services
• Deposit insurance in India• Per depositor per bank insured amount Rs. 1 Lac in India• In USA recently deposit insurance amount increased to $ 2.5 lac per depositor• In india no instance of any major bank failure in three years• Deposit in 2356 PSUs, Private & co-operative banks are insured in India
With the flood of politically motivated information and finger pointing as to the state of the economy, it is difficult to sort out what has actually happened. Here is a simplified breakdown of what the problem is and how we got into the mess.
With the three major Western currency blocs acting in different ways to the current fiscal, growth and inflationary problems it will be educational to look back and analyse which was correct. One Bank has been slashing rates, one holding steady and the third looking to
Dealers typically sell your contract to an assignee, such as a bank, loan company or credit union.
America may be banged up, but Europe is teetering on the edge of flat-out fiscal disaster… which helps editor Justice Litle explain the recent bizarre action in gold and the dollar.
Investors chasing net-lease properties are upping the ante. Instead of paying $10 million for a single property, they are forking over $100 million for an entire portfolio. Buyers are increasingly drawn to the portfolio deals because they provide a vehicle to place a large volume of money relatively quickly in an intensely competitive investment arena.
President Yaradua must as matter of fact pour the remainder of his rule of law or law of rule and due process water on this needless wildfire and not join the acutely risk averse Sanusi in the way he has done by ordering all security agencies to assist him destroy the economy in the name of saving it. He must not be allowed to neither pass judgement on Nigerian banks based on his personal risk tolerance level nor plunge us into economic crisis that Soludo helped us escape, lightly.
