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German President Koehler warns banks in Christmas address | Germany | Deutsche Welle | 25.12.2009
"We have just experienced that excess amongst financial actors, and faults in state oversight have plunged the world into a deep crisis," he said. "We need to understand that money must serve people and cannot be allowed to rule them."


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Dec 25th, 2009 at 04:57:04 PM EST
[ Parent ]
Yet we still need to understand this.

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 Dec 25th, 2009 at 11:54:18 PM EST
[ Parent ]
"We need to understand that money must serve people and cannot be allowed to rule them."

Who is this clown Koehler?  He can't be serious?  Is he totally out of touch with reality?

And there's the old favorite, "What's he smoking?"

In the end, might makes right. Nothing has changed since the caveman.

by THE Twank (yatta blah blah @ blah.com) on Sat Dec 26th, 2009 at 06:26:37 AM EST
[ Parent ]
It may be just words, but Horst Köhler is Germany's President.  He was previously head of the International Monetary Fund and before that the Yurpeen Bank for Reconstruction and Development.  He had also been head of the German association of savings banks.

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin
by Crazy Horse on Sat Dec 26th, 2009 at 07:06:37 AM EST
[ Parent ]
So he gets to say pie-in-the-sky rubbish without us laughing at him?

In the end, might makes right. Nothing has changed since the caveman.
by THE Twank (yatta blah blah @ blah.com) on Sat Dec 26th, 2009 at 07:15:31 AM EST
[ Parent ]

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