European Tribune - Comments - Friday Open Thread

Friday Open Thread | 118 comments (118 topical, editorial, 0 hidden)

IMF assesses ways to raise money from banks - Yahoo! Finance

"Considering that the financial sector is creating a lot of systemic risks for the global economy, it is fair that the sector pay some of its resources to mitigate risks it is creating itself," he said.

Um, if regulators had been doing their supervisory job right, and if they had stepped in and put failing banks into receivership and sacked the management and wiped out the shareholders instead of bailing them out...

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Fri Oct 2nd, 2009 at 11:44:39 AM EST
[ Parent ]

Re: Here's a good one - (none / 1)

Bu that would be socialism.

Oh - wait.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Oct 2nd, 2009 at 12:25:40 PM EST
[ Parent ]

Re: Here's a good one - (4.00 / 2)

by Loefing on Fri Oct 2nd, 2009 at 01:14:23 PM EST
[ Parent ]

Re: Here's a good one - (none / 1)

I should have added h/t to Richard Brenneman.

by Loefing on Fri Oct 2nd, 2009 at 01:16:53 PM EST
[ Parent ]

Re: Here's a good one - (none / 0)

By that definition, Socialism was practised in Europeand countries from Spain to Finland as recently as 15 years ago... Oh, wait!

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Fri Oct 2nd, 2009 at 02:36:46 PM EST
[ Parent ]

Re: Here's a good one - (none / 1)

But that represents a misapprehension of the true task of financial regulators. It is NOT to regulate the behavior of banks, FAR FROM IT, it is to regulate the perception of that behavior by the general public. The banks, after all, are the clients the regulators serve. It isn't that way in Spain?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Oct 2nd, 2009 at 05:13:59 PM EST
[ Parent ]

Friday Open Thread | 118 comments (118 topical, 0 editorial, 0 hidden)

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