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| Se la sopla todo a estos magnantes: World Bank Appoints Madelyn Antoncic as Treasurer Brings “record of leadership, innovation, and integrity,” Zoellick says Liderazgo, Innovación y Quiebra, diría yo. Dicen las malas lenguas que ganó el puesto en dura competencia con Bernie Madoff.
__________________ La banca está enladrillada ¿quién la desenladrillará? El desenladrillador que la desenladrille buen desenladrillador será. Última edición por Marai; 27-jun-2011 a las 14:27 |
| Estos 22 usuarios dan las gracias a Marai por su mensaje: | ||
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| ¿Zoellick no era el da novia?¿Todavía sigue ahí? Ciertamente el BM siempre fue una casa de putas en sentido figurado. Él la está convirtiendo también en sentido literal |
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| Es broma, supongo. No puede ser verdad. |
| Estos usuarios dan las gracias a Viernes_negro por su mensaje: | ||
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| te dejo este libro de ciencia ficcion, todo parecido con la realidad es pura casualidad o una broma. ![]() http://www.nytimes.com/2011/05/29/bo...sner.html?_r=1... The authors, Gretchen Morgenson, a Pulitzer Prize-winning business reporter and columnist at The New York Times, and Joshua Rosner, an expert on housing finance, deftly trace the beginnings of the collapse to the mid-1990s, when the Clinton administration called for a partnership between the private sector and Fannie and Freddie to encourage home buying. The mortgage agencies’ government backing was, in effect, a valuable subsidy, which was used by Fannie’s C.E.O., James A. Johnson, to increase home ownership while enriching himself and other executives. A 1996 study by the Congressional Budget Office found that Fannie pocketed about a third of the subsidy rather than passing it on to homeowners. Over his nine years heading Fannie, Johnson personally took home roughly $100 million. His successor, Franklin D. Raines, was treated no less lavishly. To entrench Fannie’s privileged position, Morgenson and Rosner write, Johnson and Raines channeled some of the profits to members of Congress — contributing to campaigns and handing out patronage positions to relatives and former staff members. Fannie paid academics to do research showing the benefits of its activities and playing down the risks, and shrewdly organized bankers, real estate brokers and housing advocacy groups to lobby on its behalf. Essentially, taxpayers were unknowingly handing Fannie billions of dollars a year to finance a campaign of self-promotion and self-*protection. Morgenson and Rosner offer telling details, as when they describe how Lawrence Summers, then a deputy Treasury secretary, buried a department report recommending that Fannie and Freddie be privatized. A few years later, according to Morgenson and Rosner, Fannie hired Kenneth Starr, the former solicitor general and Whitewater investigator, who intimidated a member of Congress who had the temerity to ask how much the company was paying its top executives. All this gave Fannie’s executives free rein to underwrite far more loans, further enriching themselves and their shareholders, but at increasing risk to taxpayers as lending standards declined. A company called Countrywide Financial became Fannie’s single largest provider of home loans and the nation’s largest mortgage lender. Countrywide abandoned standards altogether, even doctoring loans to make applicants look creditworthy, while generating a fortune for its co-founder, Angelo R. Mozilo. Meanwhile, Wall Street banks received fat fees underwriting securities issued by Fannie and Freddie, and even more money providing lenders like Countrywide with lines of credit to expand their risky lending and then bundling the mortgages into securities they peddled to their clients. The Street, Morgenson and Rosner say, knew lending standards were declining but maintained the charade because it was so profitable. Goldman Sachs even used its own money to bet against the bundles — making huge profits off the losses of its clients on the very securities it had marketed to them. Eventually, of course, everything came crashing down. The authors are at their best demonstrating how the revolving door between Wall Street and Washington facilitated the charade. As Treasury secretary, Robert Rubin, formerly the head of Goldman Sachs, pushed for repeal of the *Depression-era Glass-Steagall Act that had separated commercial from investment banking — a move that Sanford Weill, the chief executive of Travelers Group had long sought so that Travelers could merge with *Citibank. After leaving the Treasury, Rubin became Citigroup’s vice chairman, and “over the following decade pocketed more than $100,000,000 as the bank sank deeper and deeper into a risky morass of its own design.” With Rubin’s protégé Timothy F. Geithner as its head, the New York Federal Reserve Bank reduced its oversight of Wall Street. |
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| Mira tú si lo hizo bien: consiguió que el miedo a la quiebra se convirtiera en un robo de las arcas públicas a una escala antes inimaginable.
__________________ La banca está enladrillada ¿quién la desenladrillará? El desenladrillador que la desenladrille buen desenladrillador será. |
| Estos usuarios dan las gracias a Marai por su mensaje: | ||
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| Estan juntando el hambre con las ganas de comer.... Es como dejarle este taller a McGyver, la que te puede liar !!
__________________ "La economia no es solo dinero, es un estado de animo" ZPdamus 2009 |
| Estos usuarios dan las gracias a El_Niño_Del_Palo por su mensaje: | ||
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| Excelente elección. ![]() Y luego que la gente que sale a la calle "no sabe lo que pide".
__________________ "Un hombre debe hacer aquello que su deber le dicta, cualesquiera sean las consecuencias personales, cualesquiera sean los obstaculos, el peligro o la presión. Esta es la base de toda moralidad humana." |
| Estos 2 usuarios dan las gracias a Falcone por su mensaje: | ||
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__________________ "Esto es lo que pasa cuando la tierra se folla a la galaxia..." jimi hendrix El dolor es inevitable, el sufrimiento es opcional. "No tenemos competencia, somos incompetentes" Andrew |
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| Una autentica visionaria :-) A ver si tenemos suerte y hace lo mismo con el Banco Mundial. |
| Estos usuarios dan las gracias a ominae por su mensaje: | ||
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| Qué locura, sería como si los terroristas de ETA tuvieran que velar por la seguridad de ...¡oh, wait!
__________________ ![]() Te compro cualquier propiedad a cualquier precio y te la vendo un 10% más cara, no hace falta escriturar, me das la pasta y listo. ¡Pásalo! _________________ Bubble-Matrix te rodea, pero puedes pincharla, porque no es real. ________________ No venderán... y vendieron... pero perdiendo. |
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