#198 bail-out plan?

What if there were no bail-out for those scoundrel and irresponsible investment banks? How will this financial quake affect the US and the world economy?

Why such jittery around the world?

According to some pundits, if there were no bail-out, this will filter every aspect of life and economy in the US! 

Was there no regulatory controls for these financial institutions?

It appears those investment banks that offer security bonds are really not secured bonds. If one were to play in stocks and shares market, at least there was some way of retrieving part of the money.

However with Lehman Bros declared bankruptcy, all those who invested with them their hard-earned cash in the name of security bonds have just disappeared into thin air?! This IS not fair!

Is there a way of bringing those managing the financial institutions to court and hold them  answerable for decisions made? Surely they must be fully aware of that happening within the bank for some time now! Why was there no curb? Where is the creditability of the American investment banks? Can we trust these so-called security bonds products in the financial market?

Can one not smell this happening from the annual reports? Or this was so well-covered up by the auditors that even the staff do not know that happening within the institution? If so, dare we trust any of those reports that we receive!

Who should we trust our hard-earned money to in future (i.e. if there was a future…)? Will it not be better if we kept these under our pillow?!

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#142 tomorrow

We are made wise

NOT by the recollection of our past,

but by the responsibility of our future.

George Bernard Shaw

Changes…changes…changes going on all the time…man is always changing…and…rearranging — soaring food prices (no more cheap food), fuel crises, subprime, credit crunch, natural disasters, water shortage, going green, global warming, save extinct species…

How is man to live? These are certainly challenging times not only for governing leaders but the ordinary man-on-the-street.

 At the crux, money is the issue. How does one live without money or having less or little value to the dollar? Who invented money? Human beings live to earn money to feed and provide for oneself… Human beings kill one another for the lack of money!

 Terrorism is one result of madness after money or the lack of it. The destruction of the Twin Tower in New York (911) is a case in point…the terrorists wanted to bring the Americans on their knees through the economy but… The US concertedly rose from ground zero…

Today human beings become bombs to kill or eliminate the innocent civilians! Such hatred in the disguise of religion?!

Has man gone mad, very mad?!

Where are we going?