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Bankasölur, Insanity: doing the same thing over and over again and expecting different results.

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Albert Einstein

 

Hér reynir Styrmir Gunnarsson  „undir rós,“ að fá Ríkistjórn og embættismenn til að lesa sér aðeins til, áður en þeir selji bankana, það er að vera ekki eins og afglapar, hugsa, áður en gert er. jg

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http://www.amazon.com/Fools-Gold-Corrupted-Financial-Catastrophe/dp/1439100136

Á þessari  slóð er hægt að klikka á bókina “Fools Gold” vinstra megin á síðunni.

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Það vantar einhverjar góðar blaðsíður í bókina.

Þið sem eruð góðir að lesa ensku, getið komið efni bókarinnar í smá skömtum, til okkar sem erum aðeins tregari.

Egilsstaðir, 09.01.2016  Jónas Gunnlaugsson

Insanity: doing the same thing over and over again and expecting different results.

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Um bók Gillian Tett og breytingar á bankakerfinu á Íslandi 

Styrmir Gunnarsson

….."En væntanlega eru yfirlýsingar um sölu á hluta af hlut ríkisins í bankanum til marks um að þessi málefni fari að koma til alvarlegrar umræðu. ..... 

 ...... Lýsingar Gillian Tett á samskiptum bankanna og lánshæfismatsfyrirtækjannaer athyglisverð en bankarnir hótuðu að segja upp viðskiptum við lánshæfismatsfyrirtækin ef þeir fengju ekki það mat sem þeir vildu. .....

..... Það getur verið gagnlegt fyrir þá, sem munu að einhverju leyti koma að ákvörðunum um framtíðarskipan þessara mála hér að lesa bók Gillian Tett. ......

..... Hún bregður upp mynd af veröld, sem ekki er eftirsóknarvert að þjóðin leiðist inn í aftur." ......

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Ég vona að þetta hér neðan við virki sem auglýsing og sé mér leyfilegt, annars þurka ég  það strax út.

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 From award-winning Financial Times journalist Gillian Tett, who enraged Wall Street leaders with her newsbreaking warnings of a crisis more than a year ahead of the curve, Fool's Gold tells the astonishing unknown story at the heart of the 2008 meltdown. 

Drawing on exclusive access to J.P. Morgan CEO Jamie Dimon and a tightly bonded team of bankers known on Wall Street as the "Morgan Mafia," as well as in-depth interviews with dozens of other key players, including Treasury Secretary Timothy Geithner, Tett brings to life in gripping detail how the Morgan team's bold ideas for a whole new kind of financial alchemy helped to ignite a revolution in banking, and how that revolution escalated wildly out of control. 

The deeply reported and lively narrative takes readers behind the scenes, to the inner sanctums of elite finance and to the secretive reaches of what came to be known as the "shadow banking" world. The story begins with the intense Morgan brainstorming session in 1994 beside a pool in Boca Raton, where the team cooked up a dazzling new idea for the exotic financial product known as credit derivatives. That idea would rip around the banking world, catapult Morgan to the top of the turbocharged derivatives trade, and fuel an extraordinary banking boom that seemed to have unleashed banks from ages-old constraints of risk. 

But when the Morgan team's derivatives dream collided with the housing boom, and was perverted -- through hubris, delusion, and sheer greed -- by titans of banking that included Citigroup, UBS, Deutsche Bank, and the thundering herd at Merrill Lynch -- even as J.P. Morgan itself stayed well away from the risky concoctions others were peddling -- catastrophe followed. Tett's access to Dimon and the J.P. Morgan leaders who so skillfully steered their bank away from the wild excesses of others sheds invaluable light not only on the untold story of how they engineered their bank's escape from carnage but also on how possible it was for the larger banking world, regulators, and rating agencies to have spotted, and heeded, the terrible risks of a meltdown. 

A tale of blistering brilliance and willfully blind ambition, Fool's Gold is both a rare journey deep inside the arcane and wildly competitive world of high finance and a vital contribution to understanding how the worst economic crisis since the Great Depression was perpetrated.

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http://www.ft.com/ 

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Freezing out the factory worker

‘Robots and barcodes can undercut the cost of humans in China and India as well as in the west’

 laga


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