Τετάρτη, 7 Απριλίου 2010

How to Stop Greedy Banks From Killing U.S. Capitalism


Ένα απίστευτο άρθρο από το αμερικανικό επενδυτικό περιοδικό "Money Morning". Ο τίτλος στα ελληνικά είναι: "Πώς μπορούμε να σταματήσουμε τις άπληστες τράπεζες από το να σκοτώσουν τον αμερικανικό καπιταλισμό".
Και φυσικά ως απάντηση στους προϊδεασμένους, διευκρινίζω ότι το άρθρο αναφέρει ότι ο στόχος των τραπεζών είναι η επιβολή κάποιου νέου είδους οικονομικής δικτατορίας μέσω "της κοινωνικοποίησης του επενδυτικού κινδύνου τους και της ιδιωτικοποίησης της αχαλίνωτης κερδοσκοπίας τους..." 

Δυστυχώς, το παραθέτουμε στα αγγλικά.

By Shah Gilani, Contributing Editor, Money Morning

A white paper on bank reform delivered to Congress and regulators last week by the Association of Mortgage Investors - the powerful lobbying group that represents huge institutional investors - warns that if the securitization market isn't radically reformed "it will be difficult if not impossible for capital market investors to return to funding economic activity."

What the report doesn't say is that banks - standing in the way of bank reform - don't want a simplified, standardized, and transparent securitization market, because that would revitalize free-market disciplines and undermine the control they exercise over the credit markets.

Right now, the stock market is discounting news about tight credit conditions. But analysts worry about an increasing disconnect between rallying stock prices and the hoped-for rebounds in consumer-driven growth and the U.S. housing market - both of which are struggling with a lack of access to credit. This disconnect is fostering fears of a stock-market correction.

Investors need to understand exactly what's at stake here. And they need to know how to protect themselves and - even more important - how to profit from the volatile-but-powerful capital waves that will result from this fundamental battle over our future. 

Taking No Prisoners
What the big banks want is the socialization of their risk exposure and the privatization of their unbridled profitability.

And they are willing to hold the economy hostage to get it.


To achieve that goal, banks...
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