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Tuesday, December 23, 2008

It was like this since history can remember, why should it change?

"Bailed-out bankers may be paid no more than 200% of what the average country banker (in Vermont, for example) makes in the comparable position including CEO.
* Bailed-out banks can't have corporate planes (or rent jets for their executives).
* Bailed-out banks need to show a plan for resuming lending (similar to the green requirements for car makers).
* Bailed-out banks need to show a plan to return to profitability and repay us or they will be forced to repay immediately. "


Will they?
I am almost sure they won't.
Unless there is a real revolution, which won't be so soon.
The greediness of the few is much bigger than the tolerance of the mass.
Or I would say than the memory of the mass.
I bet that when the majority will have AGAIN access to credit, the happy motoring, the happy housing, the happy spending WILL begin again, so that a new bubble will be born, just to leave space to a new deflation and a new crisis.
Bur THAT is the way the world goes on: the mass that works and the few who enjoy.
It was like this since history can remember, why should it change?
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