I am deeply saddened by the state of world economy. I think it all started because of bunch of Wall street and Bankers who wants to boost their revenues and sold sub prime mortgages. Hmm... That is a nice thought.
But, Wait a minute, is that how corporations work, Boost their revenues some how.. They were not doing anything wrong in their business practice nor ethically....nor morally. What is the problem then? Governments always should act and put regulations to stream line corporate functioning. Problem with many developed countries, They beleive in Free market and they do not want to impose regulations..... Common....
Even in India, if a high paid executive wants to buy a piece of land, They have to put down some money down and bank will do their evaualation of the land and will determine the price of the land. But we call Indian government a too much intrusive government and all Indian corporations blame them for interfering too much. :-) A big world economic mess, just because some governments do not want to impose regulations. Dont you think that is the bottom line here.... You blame it on Corporations, but....
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