Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Bank based finance is a huge part of the reason that Europe isn't having the problems that the US is right now, excepting of course the contagion that's spreading from Wall Street.

Bank capital has more incentive to think long term, rather than engage in speculative investing.  Maybe there should be a small securities transaction tax to slow down volume on mercantile exchanges and create an incentive for long(er) term investing.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Sun Sep 21st, 2008 at 04:39:16 PM EST
[ Parent ]

Others have rated this comment as follows:

Migeru 4

Display:

Top Diaries

Italian government collapse

by IdiotSavant - Jan 15
20 comments

Dutch Government Collapse

by Oui - Jan 16
6 comments

A Rush To Judgement Day

by Oui - Jan 17
2 comments

A Long War?

by Frank Schnittger - Jan 8
77 comments

Israel and A Presidential Election

by Oui - Jan 14
32 comments

Recent Diaries

Occasional Series