The Bush administration's financial rescue package in a slight adjustment after October 3 to be approved by the U.S. Congress, people have begun to worry that this also means that the wave of 1931-style global wave of bank failures began. This process has already begun sweeping through the U.S. banking sector, including in the past few weeks, Fannie Mae and Freddie Mac, the mortgage giant Washington Mutual bank nationalization (or called compulsory liquidation), as well as the fourth-largest U.S. savings bank Wachovia's rapid collapse. This shows that in the spring of this year as a result of failure of Demi began a wave of small banks reached a peak. The new bill, known as the financial sector of the U.S. "Patriot Act", which the Bush administration in the 9 • 11 incident was the destruction of the U.S. Constitution's guarantee of power. U.S. Treasury Department will have unlimited discretion, to a crisis of the mortgage bonds and other debt demarcation of the price, and purchase. This even includes car loans and student loans, the U.S. Treasury Department that it is very important. U.S. Treasury can set its own procedure (there is no disclosure) from the agency to choose its own right that the pace of buying bonds. In addition, Paulson will take the Ministry of Finance of 700,000,000,000 U.S. dollars of procurement plans, "outsourcing" to those who want to be responsible for the financial crisis caused by financial institutions. It is reported that the United States by the Ministry of Finance is planning as many as 10 asset managers in the management of the planned purchase of the assets. As Pacific Investment Management Company, BlackRock and Legg Mason Value Trust Fund for such a large institution it was reported that there are likely to become the world's largest asset management project manager. Investment bankers from the private sector will participate in a high degree of political management of the program is more difficult because of the investment bank is considered the chief culprit in the crisis. Former U.S. Treasury Secretary Paul O'Neill in an interview on Paulson's plan was the word comment - "crazy." O'Neill noted that the new plan to end the crisis in the banking sector there is no benefit, I and many other economists are aware of this. The plan is to use only U.S. taxpayers money to Paulson's friends in the Wall Street bonuses. If the Democratic-controlled Congress Yaogan ethics can no longer hard, because the public will be Paulson and other Bush administration officials in the United States is full of financial scandals in the history of the most serious financial fraud in the criminal acts to sue. As the current crisis by exposing the details, many of the ideological fault resulted in chaos and led to the laissez-faire financial system collapse. The current system as Paulson 700,000,000,000 U.S. dollars rescue package to be finished, and this is a system in 1987 to lift the Wall Street financial and banking sector after the control established, that year, the radical individualist iron Rand (Russian-born American writer) and a loyal follower of the private sector to become a close friend of Alan Greenspan, the spokesman for the Federal Reserve in Wall Street until retiring in 2006 so far. Governments around the world now had no choice but to begin to plug the financial devil inside of the bottle back to the difficult process of re-out of control on the financial system have been introduced. Hide in the current crisis of confidence is behind the UK and the U.S. government to resolve this issue on the basis of the failure. Let us briefly look back at history Germany in 1931 from the Great Depression appears to be an inconspicuous little things - Vienna in May of that year a joint bank credit - began. Credit Union Bank of Vienna is due to the failure of Paris to make a political decision, the destruction of Germany and Austria for Economic Co-operation Agreement, the specific means is a break in post-war Versailles system's Achilles heel - Credit Union Bank of Vienna. In the process, Paris launched a series of tragic events led to Germany's banking system in a few weeks of the collapse. A post-war system of Versailles and the United States in 1999 after the securitization of the financial system is very similar, both as a poker set up by the House general, there is no basis at all. Once a card from the collapse, the whole of the international financial building will then capsized. 1931's Germany, the power is incapable of Bruning, he felt that only tighten their belts is the only way to solve the problem, trying to maintain the unemployment rate to the International Bank for International Settlements in Basel to pay Young's compensation plan in Germany. In 1931, then the power of a strong New York Federal Reserve President Harrison is the lack of experience, an extreme hatred of the German people. Harrison is a pro-British members of the Ku Louhui This is a Yale University's elite secret society, in which Bush's father and son are members. Harrison was also the brother of Kulou Hui, Minister of War Stimson, under the leadership of a secret as the Manhattan Project co-ordination, he thought the crisis in Germany is not the Germany of foreign causes, but because of German bankers trying to harm others to benefit oneself. In the rumors all over the sky, a few weeks of panic, the New York Bankers Trust (Ironically, it is now part of Deutsche Bank) announced that it will give Deutsche Bank cut the credit limit, and in July 1931 before all out in Berlin The largest bank in deposits. Harrison insisted that the German state bank to raise interest rates substantially in order to maintain stability, but let matters worse, since then took place on the German economy swept through a credit crisis. Norman governor of the Bank of England governor of the Bank of Germany Luther's more friendly attitude, his friends think Saudi Arabia is more suited to deal with the crisis. July 13, 1931, a large German bank, the bank announced the closure of Dana Te. This triggered a big German bank deposits fled the area. Bruning Government and the Bank of Dana Te capitalization of less Dresdner Bank merger, and to give a huge amount of national security to try to stabilize the situation. Could not secure a slot. Harrison, New York, Federal Reserve Chairman personally believe that this is only Germany's own problems, he was governor of the Bank of Germany Luther give orders based on historical experience and asked him to deal with the crisis. Shortly thereafter, the National Bank of Germany's gold reserves on the flow of foreign countries. The rest are on the history of the 20th century is the largest and most destructive war in the tragic history of all this are the consequences of the incident. At that time, although the United States is experiencing its own stock market crash and the Great Depression, the U.S. banking sector is looking look forward to the elite "American century," the dawn.
没有评论:
发表评论