Or what I meant was should it exit now.Examine carefully the recent financial meltdown.Unabated greed let to unabated risk taking which resulted in unabated misery for the average Joes.You and me.
All the activities of that gross misbehavior by greedy bankers took place unknown to the average Joe.Rather the average Joe had no say whatsoever in how the colossal misdeed was panning or being played out.Perhaps may never know.
That is the fate of us-the average Joes.
In the end who has to pick up the pieces?Why it is you and me the average Joes! At least Obama reckon that.Good for USA.
But there is another side to the coin.Which is the story of free unaccountable spending of people's funds.The parallel here is strikingly similar to the acts of greedy bankers of Wall Street.Because some governments manages their average Joes funds too..Like China,Singapore and some Middle East countries .Note the similarities.All are authoritarian governments.Its the average Joes monies these governments handle.And these governments do not account to its people how they splurge that money.It has a nice sounding name.Its called the Sovereign fund.
Now,both the greedy bankers of the Wall Street and the governments of sovereign funds gambled and lost-our money.As it always was and always would be ; that it is the good ole average Joes that has to pick up the pieces in the end.That is why Obama is talking 'hard love' to his wayward Wall Street bankers.Who would or could ever talk to the ruiners of sovereign funds; our funds rather?
Therefore should sovereign funds aka Tamasek holdings should ever exist at all?
All the activities of that gross misbehavior by greedy bankers took place unknown to the average Joe.Rather the average Joe had no say whatsoever in how the colossal misdeed was panning or being played out.Perhaps may never know.
That is the fate of us-the average Joes.
In the end who has to pick up the pieces?Why it is you and me the average Joes! At least Obama reckon that.Good for USA.
But there is another side to the coin.Which is the story of free unaccountable spending of people's funds.The parallel here is strikingly similar to the acts of greedy bankers of Wall Street.Because some governments manages their average Joes funds too..Like China,Singapore and some Middle East countries .Note the similarities.All are authoritarian governments.Its the average Joes monies these governments handle.And these governments do not account to its people how they splurge that money.It has a nice sounding name.Its called the Sovereign fund.
Now,both the greedy bankers of the Wall Street and the governments of sovereign funds gambled and lost-our money.As it always was and always would be ; that it is the good ole average Joes that has to pick up the pieces in the end.That is why Obama is talking 'hard love' to his wayward Wall Street bankers.Who would or could ever talk to the ruiners of sovereign funds; our funds rather?
Therefore should sovereign funds aka Tamasek holdings should ever exist at all?
