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SGD 11.24

Obviously the World is in a financial instability and the macroeconomic management of some countries appears inappropriate. This seems to be the continuation of the subprime crisis (crisis of mortgages at risk) which began in 2007 in the USA. Many solutions have been tried in U.K, first by Mr Gordon Brown: 1 – Nationalization (Northern Rock Bank)… 2 – Financial assistance or Bail-Out in a Bank rescue package… 3 – Acquisition of company by assuming debts or Buy-Out… 4 – Recapitalization (the government took 43% of Lloyd TSB) Obviously the World is in a financial instability and the macroeconomic management of some countries appears inappropriate. This seems to be the continuation of the subprime crisis (crisis of mortgages at risk) which began in 2007 in the USA
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