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Showing posts with label Community Reinvestment Act. Show all posts
Showing posts with label Community Reinvestment Act. Show all posts

Wednesday, May 25, 2011

WHAT IS GLOBAL FINANCIAL STABILITY FOUNDED UPON? Part I



Arrest of IMF Managing Director Dominique Strauss-Kahn in New-York has crumbled euro and put the financial aid programs for European countries that fetched themselves in a severe economic situation at risk. It is unknown, whether 62-year-old politician and financier is actually guilty of the things he’s accused of, but the financial consequences of his arrest are on hand. Assuming that Strauss-Kahn, known for his playboy adventures, actually did what he was charged with, that might the most costly liaison in the world. So what kind of global financial order is it, if it can be ruined by a sudden testosterone attack of an aging Frenchman?