Quote:
Originally Posted by Ignitionnet
People tend to blame capitalism totally, but most of the issues have their root within government and regulatory policies, capitalism just grew the seed.
|
Personally, I don't. I think the blame lies equally with the Banks and with the various governments..
Both should have been sensible. What seemingly happened though (and why I bought up Barings because they were bankrupted as a result of this) was that both the management of the banks and the governments were happy to sit by and say it was good without actually checking if it was.