Now we have all heard, read or been told about Adam and Eve and how they were made an offer they could have refused! We are living in historical times as far as the global economy is concerned. We are re-learning the ills of high risk finance deals, outcome of wrong valuations and the ills of greed. Now who causes such crisis? If you do a root-cause analysis , this is what you’ll get (assuming ofcourse, that you have the same twisted logic as I do): Financial crisis (loan defaults, credit crisis, asset bubbles, market collapse) – are possible because we have these glamorously named entities called Financial Institutions. In the ancient days when these institutions did not exist in such scale, such crisis would not have extended beyond the one village. Financial institutions act as intermediary between people who have excess money and hence want to invest and people who need money, hence want to borrow. People who have excess money – the want to invest only because they know there a...
An innocent bystander to my own life.