Lack of qualificationSo far the road is still long Its domain is going to fail but it does not reactHence the regular polemics on the subjectThe CDU fell to 3233 of the vote the lowest since 2006Their overall strategy based on two questionsThe use of the Internet is of course freeA first intended travel to boost relations between the France and the Mexico000 sales of Mini III as early as 2007 iIt should be so for the sharing of profitsThe problem is that in this case is matter of dosageThe violence of the banking crisis, and the extent of its consequences, caused general awareness on the need for better control over the financial industry. In two weeks at the London Summit, the g-20 countries hope to lay the groundwork for a less permissive regulation. Today, the British reveal how they intend to take in hand the City. The hen egg of gold that should not affect previously...
These actions are essential. But they do not clearing banks in the efforts to achieve internally. The profession must recognise its share of responsibility in both systemic and moral crisis. Rugged individualism. Greed. Faulty ethics... The banks have left to develop unhealthy behaviors. A they make them hunting. Without mercy. Without sham.
The leaders of the French banks waited to tell by the President of the Republic to renounce their bonus. What a pity! They again missed an opportunity to show their goodwill faster seeking their social organs. They must take the initiative, although admittedly it our hexagonal firms are not the most to blame. The example that comes to America, however, is cold in the back. When Merrill Lynch ahead one month the announcement of his bonus for $ 209 million 10 bankers, it is too much scandal. It reflects the gap remaining between Wall Street, the City and the (sad) reality.
Bankers, the border between good and evil must be drawn to the indelible pen. When a derived product takes the form of a cover of Exchange, it becomes strategic to EADS or Air France. But when it mutates in time bomb in the balance sheet of the local communities, it is unbearable. "Us banks knew that their loans indexed to the Swiss franc or others were dangerous, then they spent by Dexia to sell to the"colloc"," chronicles, disgust, a former banker.
An annual bonus that rewards the most talented individuals, very well. Merit pay is one of the foundations of capitalism. But it is vital to align the interests of the Bank and its employees, especially by finding the means to distinguish between real and acquired, notional and hypothetical profit benefit. Otherwise, hooked on the bonus can take hostage the Bank's balance sheet, to reach their line of $...
With the end of the conspiracy, each others tell how unscrupulous operators could be recruited with impunity by Credit Switzerland or Commerzbank, leaving a beautiful slate to Deutsche Bank or UBS! Any bank is yet to report to the supervisor this type of incidents. Few are bent: it would have been admitting control deficit, as Société Générale with Jérôme Kerviel. In this permissive environment, the trader, who suffered no personal risk is of course attempted to maximize his gain in the short term. A profession to his policy correctly.
Of course, all the bankers have not faulted. The crisis, the worst for seventy years, can justify alone that no institution so free. But some individuals have 80,000 without moderation to the Bacchanalia held by Alan Greenspan. To the monetary influx, unscrupulous managers have led their teams to take excessive risks, for then the large bonus. A bit like Obelix cutting the cake of Cleopatra... Some of these "banksters" took its cliques and its $ long plates. But some are still in position. The gravediggers still smouldering shovel are doomed to the same internally at Natixis, Calyon, Merrill Lynch or ex-Lehman. Should they stay
These are examples. There are many others. Do bankers know their proposals and that they are acting. A Charter of good behaviour is the same as the reform of the regulation on which the G20 and the European Union are working. Moreover, it does not prevent the debate to be very broad. Talking already about confining the banks to a role of "utilities", limited to the taking of deposits and the granting of credits, while all activity in the markets would be taken over by a "hedge funds" to the power of fire diminished by the withdrawal of credit. But beware, rethinking the banking system will inevitably lead to revisit certain founding sophistry of capitalism more broadly. Is the market really always right
