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Tuesday, March 25. 2008

Excellent summary of the sub prime crisis:

The Sarbanes-Oxley was put in place to safeguard the economy and the investors from an Enron-like disaster, which compared to the sub-prime crisis is a bathtub vortex compared to a level five Hurricane...

What will be the outcome of this crisis?

Posted by Joerg Moellenkamp in Braindump, English at 15:56 | Comment (1) | Trackbacks (0)
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Was das geben wird? Eine Menge versauter Bilanzen, Finanzspritzen aus dem Staatssäckel und am Ende des Jahres (vielleicht nicht ganz sooo dicke) Bonuszahlungen für die Manager. Ist aber auch vertrickt: Banken, die sich verzockt haben, bankrott gehen zu lassen würde zwar den Markt bereinigen, die ganze Nummer aber noch schlimmer machen. Also bleibt nichts anderes übrig als die maroden Banken zu unterstützen und zu hoffen, dass sich der Markt beruhigt. Ich befürchte nur das es keine personellen Konsequenzen geben wird, wie man ja bei der WestLB und der IKB sieht.

#1 Patrick (Homepage) on 2008-03-25 19:56 (Reply)

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