Bernanke’s recipe for ‘too big to fail’ is the root cause of global economic depression of unprecedented level between now and 2020


Paula Zuba

Oct. 2, 2009


US Fed Reserve Chairman has an excellent recipe for curing the financial mismanagement phenomenon in large US institutions. According to Dr. Bernanke, large financial institutions should face a costly combination of higher capital requirements, tougher regulation and higher insurance premiums.

That is actually the main reason why the world economies are headed South for a deep unprecedented depression. Instututional greed and finacial mismanagement is being replaced with Government whims, bureaucracy, and total inefficiency.

The stimulus money was not spent well in any country. The borrowed cash will haunt many developed countries as they struggle between now and 2020 to pay the debt load of trillions of dollar they have wasted to put coma stricken economies on life support systems.

Source:-

http://www.indiadaily.com/editorial/20938.asp