Now Playing: BNP governement co-owned with E 5bn bailout
Topic: Poverty
Credit crisis:BNP
BANKs continue to suck the wealth out of our currencies by microtrading against own clients ( Goldman sachs) speculating against currencies petrol etc. No production value created. Buying power of the population goes down.
source: France24.com
French special:
Banks finance no material for production no stock for Entrepreneurs. Euros 25k already refused; What sort of junk capitlism is this. From what should the population live ? Alcatel - Lucent was ripped of it's production, genious; what should they sell now ?
Banks have to be regulated, no bonuses during credit crisis for speculation. In general they have to disappear from stock market quotation. It can not be that the junk speculator, the bank has a higher value than the production company.
The banks have to know no second bailout, but probably a final hangout coming along the street. Chase the Fatcats out of Town. Many hungry people out there need to make a living.
IMF chief "appalled" by the return of large banking bonuses
Wednesday 29 July 2009
Dominique Strauss-Kahn, Managing Director of the International Monetary Fund,
told FRANCE 24 that he was "appalled" to see large bonus provisions being set
aside at banks, which he warned could lead to new "dramas" in the financial sector.
video source: france24.com
