Sunday, September 21, 2008

Globalization

The full ramifications of the global market place arise out of the Finance Crisis, with the news that foreign banks may receive a bailout from the U.S Treasury Department. The theory is that the major foreign banks operating in the U.S, qualify for the United States tax payers money as they have a major stake the lives of Americans and consequently our economic future. Protecting the "system" is the call of duty. Secretary Paulson and Federal Reserve chairmen Ben Bernanke told congressmen that the legislation is necessary to return stability. As necessary as it is to protect the economic future for Americans, it is aggravating that were paying the price for uncontrollable greed from millionaire executives. These executives, with enormous salaries are getting saved, and I don't think they will even muster up an appropriate thanks. The legislation outlining this clause is likely to pass thorough congress, with experts saying huge margins. Heres to Globalization.

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