Thursday, May 13, 2010
Have we been fat fingered?
Money week: Are we heading for a repeat of the 2008 crash?
Whether it's volcanoes, general elections, oil spills, rogue traders with fat fingers, Greece, Spain, Italy or Portugal, all is clearly not well with the world. But this time the panic is in Europe. It now faces 'a complete meltdown of its own financial system', or its currency at least.
Posted by happy mondays @ 07:40 PM (1669 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Crunchy said...
Terrorism, terror, terrorist.
Stock and awe!
Nine stocks dive down simultaneously. That's some fat finger or a big fat lie. You decide!
'a complete meltdown of its own financial system' Have you not heard of globalism and who it was designed by and for.
The word 'own' has only one meaning now.
2. miken said...
I agree there will be a crash of some European markets and a big fall in the Euro. Simply because of the complexities of the Greek financial difficulties and the fact that the ECB will want to know where their money is going. I'm not sure Greece will be able to efficiently direct the money where required. I'm also not sure Greece is in control over it's own economy and so won't be able to provide sufficient accurate detailed information to the ECB or provide reassurances that the money is not being squandered.
On that note it's very important that the UK government conduct a spending review and be 100% sure exactly where money is being spent. Every pound should be accounted for to eliminate fraud and waste.