The Mudcat Café TM
Thread #114937 Message #2457101
Posted By: Ed T
04-Oct-08 - 10:24 AM
Thread Name: BS: So it has come to this - Iceland
Subject: RE: BS: So it has come to this - Iceland
It is amazing that many world banks, that not that long ago grew internally fat (making massive profits), now have as much or more control of countries than the countries political systems. Must make the big lender countries nervious, that they may own countries that they can't sell in a fire sale.
Could this lead to more nationalization and an end to a "fat capitalistic investment system" (interconnected with $ lobby-political system) is not working..answering to no one ?
Seems like the world financial system is undergoing a financial (and possibly political) "trophic cascade".