The financial world is on a precipice..
Wednesday, 24 September 2008
The news that Hank Paulson, the US Treasury Secretary, plans to bail out the banks is proving difficult for the Senate to swallow. At face value, I would agree. Yet, if you help a friend unconditionally, do you think they will walk all over you, or do you think when the time comes, they will help you in return.
Paulson’s plan is a test of integrity and trust for the bankers.
Just as the wildwest was eventually cured of gun slinging mavericks through the wisdom of crowds and democracy, perhaps we can all move forward to a banking system that has more integrity, well, I hope so!
Of course, if the bankers do not play ball, the Government's of tomorrow can always change their minds.
posted by Murray Round Wealth Management @ 11:50,
The Authors
Nicholas Round
Nic is the Managing Director of Murray Round Wealth Management Limited, who seeks to ensure the advice provided is truly independent. Based in Shropshire with clients local, national and worldwide, Nic has strived to find the best possible service for his clients needs, by researching and studying the market, trends and philosophies. Nic strongly believes Asset Class Management will bring his clients Financial Freedom, Independence and Happiness.
Kirsty
Kirsty is our communication guru. Managing information requires considerable due diligence and her passion for organisation gives the clarity we all seek. From Shropshire, with a Psychology Degree and much travelling, she is now back in Shrewsbury...and London often, keeping us all at Murray Round focused.
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