Absence of Horrible News Is Good News: Signs Credit Crunch Is Easing - Seeking Alpha
This article reflects my opinion that no bad news is good news. :) It has been three weeks without bank bankruptcies. The events on the horizon are the US elections and the meetings about repainting the world financial picture.
Apparently, the financial system will remain more or less intact, according to the opinion in the above article. A few banks went under. These were the ones deeply involved in assets with high risk. The rest seems to be OK after governments jumping to back them up.
Just how the world will look after this is over is the interesting thing. One request that appears more and more often is the cap on the executive pay for the directors in the financial institutions that require any kind of help from the government. That's fair. Hopefully, all this will result in a more responsible financial system than it used to be.
This article reflects my opinion that no bad news is good news. :) It has been three weeks without bank bankruptcies. The events on the horizon are the US elections and the meetings about repainting the world financial picture.
Apparently, the financial system will remain more or less intact, according to the opinion in the above article. A few banks went under. These were the ones deeply involved in assets with high risk. The rest seems to be OK after governments jumping to back them up.
Just how the world will look after this is over is the interesting thing. One request that appears more and more often is the cap on the executive pay for the directors in the financial institutions that require any kind of help from the government. That's fair. Hopefully, all this will result in a more responsible financial system than it used to be.
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