The record currency caused by economic world in 2008
The Economist magazine recently published Naked Swimming award for the worst hidden in international business in 2008. Heads the list is super fast Madoff.
“You will only detect who swim to the ceiling when I first go through living”, saying images of famous billionaire Warren Buffett about the world of investment has the experience in 2008. When the financial storm emerging, we see clearly the hand not vision, or healthy for any major, but the ribs will market, people do not notice.
My year: There are too many candidates for the “title” in 2008, but who is winning Bernard Madoff, the author of the fraud of U.S. $ 50 billion. Former Chairman of Nasdad is a proven emphasis on the differences between the management of weak banking system with fraud in the Vocational Section of the broken financial flows of the year.
Chiêu it in the image business worst: In the 3 groups in the U.S. car GM, Ford and Chrysler to go to a set of emergency to Congress, leaders of 3 will fly to Washington DC in 3 of the wins private company to convince the parliamentarian. Some people also mentioned on occasion last year is John Thain, CEO of Merrill Lynch, the claim was awarded 10 million USD. Mr. Thain was praised capital for this category of risk from bankruptcy by arranging to buy Bank of America, but his effort was poured river sea after dumping claim bonus.
Country deuced one year: In the context of financial market “melt flow” as in 2008, Iceland, Greenland countries, faced with the risk of national bankruptcy.
Unemployed those who deserve the best: No one better, is sếp and employees of Lehman Brothers, when they take on, after the investment bank bankruptcy 158 years old to 9 months between. It is said that the collapse of Lehman found a large “thanks” to the investment decisions of venture CEO Dick Fuld, the slow reaction of the leaders when the situation worse.
Capacity operating worst: the Minister of Finance Henry Paulson My father’s birth plan resolution of financial USD 700 billion, this is good. Mr. Paulson was criticized for a lack of strategy throughout the morning, and when mistakes do not save Lehman from bankruptcy risk, and then to the financial market on a bad.
Of letters: the letter “A”. Results evaluation of the level of trust of financial institutions in the previous year mostly AAA – the best kind. But health practice of the invention this is how the world has clearly see.
Mrs. Sarah Palin. Photo: AP
The worst economic year: Award of this candidate’s vice president republican Sarah Palin America. In a TV program during the election, Ms. Palin said this about the economic strategy of their “We will be sick because of the economic situation that we have are. In fact, the guarantee package will support the system of health care, and therefore help improve the economy. um, it will help, that create more jobs, bringing the economy back to the right orbital. Improving the system of health care , reduced taxes and increased consumption will have to go to reduce tax …”. The Economist comments, the presentation of Ms. Palin is like a screen in the theater’re famous Saturday Night Live.
Short phrase most impressive: In 2008, clusters of words are noted as TARP, stands by plan to resolve the bad debt of financial institutions (Asset troubled relief program), which the author is the Minister of Finance Henry Paulson. Able year, the abbreviations most impressive will be the articles – my debt (I owe you).
Banquet of the year: the amount of USD 86 billion that the U.S. government to take rescue insurance corporation AIG, in which people benefit most from this decision are VIP customers.
People remember the most of the year: the title of this whist reputation of former President Department Thirty U.S. (Fed) Alan Greenspan, he should after hearing before the U.S. Congress about the way the economy years he operated Fed. However, the last people to remember most in 2008 is the economic growth, a concept as of last year became far here.
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