European banking is not following US president , Barack Obama’s way, for the restructuring he proposed in the US banking structure for overhauling the entire global economy out of the recession . He said the system for undue and lavish bonus has to be bought to an end and referred to the embarrassing tale of Goldman Sachs in this context. The President is highly against paying the top notches of a company high and atrociously priced bonuses that affects the profit structure in an adverse way.
But will this work? Because when the UK government tried to do just the thing, it failed miserably. A 50% of the bonus, which would have been levied on any such amount didn’t generate the desired results. So will Obama’s proposals generate the expected results?
But one thing that we cannot understand is that how deterring banks from participating in equity and hedge funds will cause risk and failure for the system? Max to max it can pronounce doom for one single institution or company, not the entire system.
The UK treasury will not apply any of these measures to safeguard the economy against further recessionary tendencies. Though it will try its best to prevent any such occurring and a restructuring is surely there on the cards, but it doesn’t have to the US way. And anyway, failure of one or a couple of large institutions cannot affect an entire economy in such a bad way. The main reason for the economy to be hit hard during recession is that all the parts of the financial system were linked and inter-woven in a complex matrix and there was no escape for any single sector.
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African-American businesses on the go
But will this work? Because when the UK government tried to do just the thing, it failed miserably. A 50% of the bonus, which would have been levied on any such amount didn’t generate the desired results. So will Obama’s proposals generate the expected results?
But one thing that we cannot understand is that how deterring banks from participating in equity and hedge funds will cause risk and failure for the system? Max to max it can pronounce doom for one single institution or company, not the entire system.
The UK treasury will not apply any of these measures to safeguard the economy against further recessionary tendencies. Though it will try its best to prevent any such occurring and a restructuring is surely there on the cards, but it doesn’t have to the US way. And anyway, failure of one or a couple of large institutions cannot affect an entire economy in such a bad way. The main reason for the economy to be hit hard during recession is that all the parts of the financial system were linked and inter-woven in a complex matrix and there was no escape for any single sector.
Exchange rates post office: Post Office Credit Card comes with payment plans at low interest rates. Post Office Mastercard provides free purchase protection with a 90 day insurance on the product purchased.
Related Posts:
African-American businesses on the go
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