This abstract from " of finance betray: 12 reform that restore market confidence " , [beautiful] George? Wu Du (Georges Ugeux) , fatigue is like interpret. Release via Oriental press accredit. The following picture comes from at the network, invade cutout.
Answer to be a center with consumer
Financial industry person already was broken by the crisis with the delicate and trustful relation between the public. Financial the faith that lost the public, this is a sad fact admittedly. However more sad is, the bank still is not thought of repentant, be in as before the client that waits for them slow, be betrayed what this can explain they have not experience a domain at all only to feel, also do not understand this kind of feeling is not met easily subsidise, can cause far-reaching effect to politics and even social overall situation.
The deceit that client place suffers is the inchoation of financial crisis: Below the circumstance that lacks enough diaphaneity, they are easy to do lent money. The result is however it is difficult to borrow Qian Rong to return money easily. Does the credit card that we forgot to the United States before 2008 is accepted every week and building guaranty borrow money or amount of application of net assets loan have how old? Still 2007 arrive between 2008, each large silver-colored action seeks share of credit card market and undertake wantonly does dilate have many after all malapropos? Review whole crisis, consumer fall measures the experimental object that breathtaking finance innovates for numerous number, these are alleged " innovation " not only may make themselves and family become be heavily in debt, can let them lose a family fortune even sometimes. Face the crisis nowadays, these banks save oneself exclusively plan is take concerted action: Superintend complaint of bureau of manage of inspect of money of square United States to its. As to the new regulation with various banks and additional cost, the feeling of people is deeply its are irritated. This besides letting the trustful deficit between bank and client pull bigger more, do not use without him.
Of course, consumer, especially American consumer also cannot be avoided completely in this crisis duty. They aux would rather stick one's chin out raises debt, also do not agree the financial standing that more careful ground manages him. American family savings ratio falls to at 0 o'clock, the reason is irresponsible debt market not only absolutely so simple, consumer is blind when undertaking buying self-confident, to the weak point turn a blind eye to of oneself finance affairs, lead to a bitter pill to swallow finally. Beautiful dynasty title calls the whole world the richest nation, the savings ratio that also has American only however falls to be like here pace.
Whether can the newest superintendency reform inside global limits restore public confidence? If want to accomplish this, reform should be a center with consumer. Regrettablly the gist that this is not superintendency branch, what they care more is financial stability, as to offer fairness for the client the service of sincere letter, that is less important.
Gave the bank system of accident
Bank orgnaization has various title, for instance savings bank, commercial bank, accept deposit orgnaization, and consumptive finance orgnaization. They are the central place of financial industry, the function that arrives since is to induct deposit, and its some plants translate into the loan of the form to economic activity. This is the fundamental of financial intermediary activity.
If we read economics teaching material of nearly a few years, meeting discovery should involve finance only, all meet around turn into deposit of loan change a function and spread out, this became main function of finance. If trying to explain with the model that simplifies most, it is existence of deposit of a client general in a bank, the property that latter deposits money according to this and duration, its changeover is the credit of some kind of form. The condition that depositor can deposit money according to its draws deposit, and the bank extends for the foundation with this loan. Simplify in this in the model, the bank serves as intermediary, want to assume the risk that borrower goes bankrupt. Two big main factors make just when the action of the bank changes: The capital that the public controls to the accredit of the bank and bank control. Had this both, deposit talent is willing to put money in the bank.
Be in Euramerican, all sorts of items around bank place collection are various and whether the cost that lacks diaphaneity is reasonable and the controversy that have is having the power that grow in intensity.
Nowadays, the trustful bond between banking and its individual client already was broken, and fall victim just is won't forget oneself easily be duped of experience. The practice of the bank, expose a shortsighted when its are handling the public issue that believe force, devoid foresight. They are taking many governmental minister, the client that forgot them however is the taxpayer that saves his truly not only, having voting right more and form the citizen of public opinion. Fortunately, ordinary individual and family did not lose common sense, also never stoop their moral back, and this different thing is wanting in what pay already on banker body.
Refus is not acknowledge a mistake
In any truck concerns, restoring credit is more difficult than establishing trust. If the bank wants to cool disappointed sentiment of the public, having one situation is indispensable, that admits that mistake above all namely, go again next assess is specific the dispute desert that remedies measure. However, bright however have banker from bear have responsibility to this crisis.
During the tall canal of bank of some United States is visitting Paris, be travelled together to ask about a bank by his Europe the liability issue in the crisis. Face doubt, he not only the absurd behavior that absolutely deny is him place bank makes its almost sink goes bankrupt, returning what begin to blame a market instead is not to come.
When accepting congress ask for an explanation, a lot of this second finance dies dish party rejects to admit he has responsibility however. Their poor performance lets a person cannot tolerate really.
Peacefully before CEO makes an appointment with Sefu Sijilin to ever pretended oneself are perfect to concealing the condition of debt through other company peacefully do not know, accuse at this point his colleague, especially his presiding and financial officer. But in fact, he is the president of that company. In this one case, challenge when a senator when how he explains his bonus amount, he is flat claim oneself do not remember oneself firewood proposing a toast. The female that still relies on to have bravery quality quite finally the financial evildoing that Sharon Wotejinsi stands to point to card Si Jilin, ability general his try sb. " times " the magazine also chooses her accordingly for 2002 year figure, call her " scandal revelator " .
The commercial bank is in the where the wind and the waves are highest of this controversy. When credit card be askinged about and mortgage loan problem, they can are opposite normally the factual absolutely deny that does not pass apparently again, argue says these problems also brought a loss to the bank, reject to bring consumer two years to swallow the bait with favourable interest rate to him head, the practice that increases interest rate suddenly next assumes any responsibility.
Organically of many to developing fund manager to be passed at the same time oversell atttacks financial orgnaization, return at the same time wantonly assail market. The financial orgnaization that should know these are assaulted although because of the crisis be weakened considerably, but if do not have pair of strong fund,this kind hits a person when he is down the practice of take advantage of sb's precarious situation, its share price won't drop to such low estimate to be worth a level absolutely. Accordingly, lighted dropping fuse not only to pouring fund, and return pour oil on the fire. Of course, it is absolutely to pouring fund won't admit oneself this kind " concentration is atttacked " can cause the crisis, look in them this is connected even " add fuel to the fire " do not calculate on.
A report shows, company of Lei Man's brother passes the cheat in conspiring to be operated in the accountant with auditor, signed up for debt of 30 billion dollar less, and bank former chairman holds Fu Erde of CEO Dick · concurrently, also be one of culprits that this bank goes broke, claim to be opposite when facing inquiry this utterly ignorant, also reject to be in charge of to this.
And Belgian, the financial group that Holand company forms jointly " rich tell a bank " (Fortis) because go bankrupt the crisis and after accepting Belgian government minister finally, group author holds a chairman concurrently to still manage with respect to its " fail enough be a law onto oneself " and apology. But he never is in with respect to oneself rich buy Holand bank (ABN Amro) undertake in the process large-scale add endowment when, had not assumed any responsibility in the toxic substance belong to the same organization that latter alludes to be as high as 50 billion dollar in book of raise capital by floating shares.
How does the behavior with this kind of not acknowledge a mistake refus let the public restore the credit to the bank? This kind is denied, it is to deceive oneself as well as others nevertheless just. Do not admit oneself have responsibility to the crisis, the refreshment of public letter force is mentioned with respect to have no way. Those are in charge of high as the orgnaization of crisis prime criminal, not only refus is not acknowledge a mistake, and had denied oneself the manner became a kind of involuntary action.
Fortunately, also a few leader begins to discuss the liability issue of whole industry. They feel indignant to the cynical of own person of the same trade, right this more and more call a spade a spade.
But deny action still very general, when involving compensation especially, the display of certain person can show an issue more. Because this is necessary to be opposite of whole industry try from aptitude of course of study brand-new regulation, had not known because of these practitioner oneself should have what aptitude, they still do not understand they want how to do ability fill unexpectedly this mistrustful chasm, and ground of one's own wishful thinking thinks time can cover syncretic cuts scar.
Of diaphaneity rising stage by stage is a progress, but inside global limits, finance is in charge of high people still have public opinion of many opportunity misdirect community.
Fasten reoccupy credit card con consumer
23000 banks issued the whole world to add up to about 1 billion pieces of credit card, the line of credit that its produce restrains 10 trillion dollar. In be being analysed to the behavior of credit card issuer in the near future, these issuer are called " credit cheater " . In the credit domain that is aimed at medium and small businesses and individual, financial industry can says the most degenerate product should belong to credit card. What I am aimed at here is not what all things amounts to card (Master Card) or Weishika (Visa) platform of credit card of and so on, issue these credit card however, assume the bank of user credit risk. The United States' mainest hairpin is big bank, United States bank, United States all right carry is connected and spend flag group.
Ground of their strive to be the first sends credit card greatly to consumer, the purpose is to stem from industry competition completely, and the aptitude that examines leasehold person scarcely. When the crisis erupts, sheet is in the United States, the line of credit that has not less than 3 trillion dollar serves as credit card leasehold and award leasehold person. And of these card not countervail remaining sum amounts to 800 billion dollar about.
This debt is far did not get appropriate is solved, still be financial one of the most serious menace. Just think one, just did housing before consumer a few years to mortgage loan, nowadays because of the promotion of interest rate have too many problems to deal with, come up against credit card machine of this accident drawing, of course be overjoyed, should undertake " utmost " used. Apparent, the loss that American credit card causes will become one big menace. The bank borrowed this to launch another assault to consumer. The user repays every time when more money, the bank reduces his line of credit instead; Unused card can be cancelled, the credit grading that and let holds calorie of person becomes poor. And the interest rate that credit card owes is elevatory with each passing day however.
Credit reviews extension form: The person urging a life of consumer
In me " He Fen pauses Post " in column, I call credit grading orgnaization " the person urging a life that consumes finance " . This is a most degenerate and corrupt orgnaization, can escape to examine however. Their alleged level was full of deceit, the cahoot that is a bank completely accomplice. In its the help falls, the bank just is able to be opposite the loan that comes from medium and small businesses and individual applies for turn a blind eye to.
The most of business credit card of small company calls in, the individual credence of entrepreneur also gets embroil. Somebody thinks the bank cares about these grading, it is to go after more debt, but actually, its purpose is the leasehold condition with better pursuit normally. This is protection puts the person that borrow greatly, the interest of consumer of and rather than.
Unless protect an orgnaization to undertake be checkupped strictly to credit grading orgnaization by new customer, otherwise the financial standing of ten million American will from beginning to end this is opposite travel of hairpin of credit card of be enslaved to be enslaved to and credit grading orgnaization act in collusion with each other, it is with blackmail consumer oneself can accomplice.
This is not to say the bank does not answer his the financial and healthy state of borrower tries to evaluate, but this kind is evaluated do not answer with compressing company operation and domestic bread are a purpose.
