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SirJames
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Lords of Finance : the bankers who broke the world

- Jesse - Jesse's café

Thank you for setting me straight. Damn, I thought this was a universe of law. I, from history, and seeing empire after empire collapse as a result of behaving the way we are now, felt it was, if not categorical, highly suggestive. I did not mean to be dogmatic. History does not expose itself to scientific methods of investigation, but provides a multitude of nominal evidence - or at least data. Many a deviant has come to a bad end - there were two in WWII, at least. But a few have lived to a ripe old age. You may be greatly troubled or unhappy in life, but let me assure you, wrong doers do not sleep well. Is not a life of fear and paranoia punishment. Some of the big Wall Street officials have anxiety attacks in front of others in crisis; many turn to the comfort of liquor or drugs. I never hate them - I know the price they pay. My reference to physics was to universal law (chain theory) and my reference to math was because of the situation into which they have put themselves (OTC derivatives, non-repayable debt, mathematically, they would suffer from a collapse.

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Début de l'article :LiaquatAhamed,author of Lords of Finance, The BankersWhoBroke the World,discusses theparallelsbetween the GreatDepression and the FinancialCrisis oftodayat The AmericanAcademy of Berlin. Iconcurheartilywith Mr.Ahamed on theprimary causes of thebubble and collapse,especiallywith regard to theenormouspolicyerrors of the Greenspan Fed... Lire la suite

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