4 ms·
Yet other countries avoided the bad deals, how did they manage to do that? There are a number of countries that experienced no recession after the subprime cri
by ZenoArrow 11y ago
Yet other countries avoided the bad deals, how did they manage to do that?
There are a number of countries that experienced no recession after the subprime crisis... Australia, Brazil, China, India, Poland, etc... If the UK's financial markets were well run, why did they suffer?
- branchless 11y agoThe UK media sang as one "global financial crisis" in the wake of 2008 and I'm afraid that some people simply cannot think for themselves. My favourite Bush Jr quote: > "You can fool some of the people all the time, and those are the ones you want to concentrate on."
- dagw 11y agoThey where well run from the point of view that they made finance fast, simple and safe for a regulatory stand point for the companies involved. This has nothing to to do with insulating the wider economy from the folly of those financial institutions.
- ZenoArrow 11y ago"This has nothing to to do with insulating the wider economy from the folly of those financial institutions." In that case that's where we differ, because that's certainly what I'd expect a country to be guarding against to earn the 'well run' status.