Tag: financial crisis
I am personally interested in how the lack of information or proper presentation of that information led to the current financial crisis. Obviously the information was available — but not well understood, not correctly aggregated or falsely interpreted by politicians that were responsible for phony policies and flawed legislations.
It seems US government is denying its responsibility for the financial crash — and even trying to get away with new mistakes by pushing congress to agree on a plan that is hardly removing the source of the problem.
US Government is suggesting a $700 billion financial package to prevent a chain reaction at Wall Street. The US national debt to over $10 trillion dollars with just a single decision. Interestingly there are many experts that tell their own story about what this all means on the long run. Someone may wonder where this…