Article

2008-10-13 Europe

European leaders agree on financial deal

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Posted by Steve White 2008-10-13 00:00|| || Front Page|| [1 views ] Top

#1 Sarkozy shows the usual pattern of blame shifting. However today this appeared in the NYTimes: "'The same mechanisms that led to the crisis in the United States were operating here,' said Arnoud Boot, a professor of finance and banking at the University of Amsterdam. Its totally misplaced for European leaders to put the blame on the Americans.'"
If the Euros bear their share of responsibility for their financial crisis, then what role did the CRA, the US Congress, the Fed, or W play on the other side of the Atlantic? The world crisis stems from a worldwide financial mania, now unwinding.

Posted by Anguper Hupomosing9418 2008-10-13 09:32|| 2008-10-13 09:32|| Front Page Top

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