Central Banks pump more money in to banking system
Posted by ross662402008
I noticed on the news sites that the central banks in Europe had pumped more money into the banks in order to provide more loans to help funding pressures. I am sorry but is this the right thing to do?
We have pumped an inordinate amount of money into the banking system that gets taken out in bonuses or then played on the stock market? Are we in a viscous circle now we can never escape from?
If we are entering a new dangerous phase in the economic cycle are we doing the right thing?
I get the feeling that most of the politicians and economists are making this up as they are going? These are the same people that let the previous crash in 2008 happen.
The little person in the street must be baffled by what is going on but at the end of the day it is them that has to pay for all this or live with the consequences.
Come on world lets have some strong leadership and get this back under control!!!
Tags: financial crisis, money, banks, government