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JacobvanLennep
Posted: 04.25.09, 05:21 AM
Besides of the well known fact, that no nation how wealthy or how big ever can afford a war in today's world economy, it seems to be evident that a national economy could do without those bond and credit rating agencies. They are corrupted, mismanaged and don't make any sense at all. If someone wants to know whether he or she should lend money to a corporation, he should find out by himself whether it's safe or not. If you cannot do that, get a savings bank book. That's what you hear as an advice when you ask finance experts in Europe, when you ask them what to do with your surplus money. And in Europe there are no such gangs as Freddie Mac and Fanny Mae or similar companies with Disneylike names.