|
|
 Email |  Discuss | Get latest news on your desktop
What the world's big guns say about the meltdown
October 17, 2008
Seeing big American banks saved by privatisations, one almost wants to scream, 'Marx, come back, they've gone crazy!' We're seeing, in renewed form, the most debatable aspects of Anglo-Saxon capitalism called into question: Arnaud Lagardere, general partner and CEO, Lagardere Group
I know too well how disastrous these slumps can be. During the 1991 recession I was basically bankrupt -- it all happens very quickly. So what's the use in finger-pointing? I don't want to see the Americans go down the pan. Everyone knows that we'll follow: Stephen Brown, British citizen
The financial world still has a number of serious problems. However, time and money will eventually heal them: Barton Biggs, Wall Street strategist
Although a great many policy actions have since been taken, they have been neither comprehensive nor global. Indeed, the approaches taken have been so varied and inconsistent, especially with regard to deposit guarantees, that they are intensifying problems for other countries: Dominique Strauss-Kahn, head, IMF
The situation is going to get better when you feel good about buying Citigroup stock. Right now, nobody feels good about buying it: John Catsimatidis, supermarket billionaire and New York mayoral hopeful
Image: IMF Managing Director Dominique Strauss-Kahn. | Photograph: Karen Bleier/AFP/Getty Images
Also read: Seven days that shook the financial world
| Live updates on money.rediff.com |
|
|
|
|
Advertisement
