The world markets have begun their collapse led by my country, the USA. It is embarassing, but the stupidity and lack of integrity behind this issue are simply amazing. But, is anyone really surprised? This will hit other countries around the world and it will be the blame of their governments and businesses.
The solution in the USA is not $700B of tax payer bailouts. It will hurt for a couple of years, but the real solution is to let these corrupt businesses go out of business, and without the benefit of golden parachutes for Sr Execs. Nothing seems to get the attention of some people like hitting them in their own wallet!!
Some prominent politicians also need to go (Barney Frank, Chairman of the House Financial Services Committee and Christopher Cox, Chairman of the SEC, etc, etc, etc, etc).
In the meantime, feel free to review this funny, but true presentation that explains the situation --> CLICK HERE.
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