The global financial F*ck-Up

One thing is for sure! The global financial System has to become more OpenSource and more transparent.

The house-owners in the US where all promised a house by cheap government funded low interest rates since 2002. The financial system took advantage of that and blew it mathematically out of proportions, with its unregulated derivatives. Thank you Mr. Greenspan and Mr. Clinton.

Now the Bloggers are discussing what to do with the 700 Billions.

I think this is a good idea. Lets just discuss this a bit before we go ahead and spend all that money once again – for the banks.

The government should keep its promise and spend the money on the promised houses.

Always keep a promise.

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