Credit Bubble Crisis - criticised by England's premier financial news analyst T.R.

[Skybird]

A bit difficult a matter to understand (at least for me lacking much in business-English) - but when it is a frontal attack against the inadequate security regulation handlings at the globe's biggest financial transaction market London, and is coming from a company that describes itself as " the world's leading source of intelligent information for businesses and professionals" and has that reputation confirmed by businessmen all around the world, then maybe it is worth to listen in, nevertheless.

It puts the finger into the open wound of Anglosaxon traditional self-understanding of doing financial business.


http://newsandinsight.thomsonreuters...ation_scandal/

That there are huge cultural differences between Anglosaxon and European attitudes on stockmarkets, banks, and how to handle according crisis, is explained in this German piece:

http://www.welt.de/finanzen/article1...-zu-haben.html

Which also is a sounding criticism of especially the American model that loves simplifications over all - at the cost of indepth analysis, longterm strategies and sense for responsibility.