For all its drama and tragedy the Global Financial Crisis has been a time of such intense focus on all things Finance and Economics that one of its positive collateral effect could have been to increase the mainstream’s literacy on the topic. There has not been a week without media outlets dissecting the most [...]
Archive for May, 2010
Do different standards apply when rescuing Wall-Street vs. the Greek economy?
A thorough review of the media coverage leaves a sort of unease.
Back in 2008, it was all about saving the system
Lehman did play the role of the sacrificial lamb, but ultimately massive rescue packages saved the banks against promises that things would change: bonuses [...]
If you thought Australians did not give a stuff about what is happening in Greece and Europe because they are too busy dealing with China, think again.
The PM is following up the situation closely and Mike Smith, CEO of ANZ bank (one of the 4 major Aussie banks) described the situation as *a mess*.
The picture [...]