Hello to everyone,
It ‘s been a while since the election of the American President Barack Obama and the question is: what happened to all his promises?
The financial turmoil all around the world is basically the same as it was last January and all the world big banks, except those of Canada – they performed well and achieved the best performances worldwide because of their self discipline and thorough Canadian Government controls – are in a big mess! Those American and European banks were all rescued by huge and almost unrealistic sums of money.
In all, quite many trillions of dollars courtesy of their citizens, the pitiful taxpayers that don’t have a say in that matter, were wasted for the biggest financial cover-up the world had ever witnessed!
All around the USA many tea parties are taking place this week to protest against those abominable deficits imposed on “We the People..” It reminds us of those same protests against the British crown, many years ago in Massachusetts at the eve of the American Revolution : the Boston tea tax riots!
Nobody likes to spend money he does not have and certainly not to cover the unforgivable mistakes made by so-called experts in Wall Street and in the other financial institutions worldwide!
It is time those responsible for that immense black hole of dollars stopped being bailed out and digest the fruits of their erratic and strange financial behavior, to say the least!
So today, AIG super managers are going to be standing in front of their saviors and explain why they deserve bonuses..as if we all live in a twilight zone where bad behavior is promoted!
Anyhow, President Obama and the American Congress are very upset and demand some action being taken towards those responsible for that monster economic collapse we are facing now !
This new behavior of no more free lunch and free loading for those CEO’s and Executives that brought us the ” Financial Fiasco of the Century ” in Wall Street and somewhere else is more than welcome and perhaps we might be seeing finally some rationale and better judgment coming now from Washington !
But when President Obama will try to fix one problem at a time and not create compounded disastrous effects from his fantastic mammoth projects, this planet of ours might have a chance to see better days for all its inhabitants!
So good luck and G.od bless our nations and help them .. the sooner ..the better!
Elie C.
