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Bill Clinton Is Right: The Economy Really Does Do Better Under Democrats
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reply to post by thesungod
Let me answer that:
A monumental mistake, fed by -what we Dutchies call "De Waan van de Dag" (The delusion du jour, the madness of the day..)
The same thing happened overhere. Hence--> Massive bail-out for ING, Nationalizing ABN-Amro. Attached to that, were stiff fines for the banks in question, and the Bail-Outs came with a hefty 20+% interest, plús direct control of the CEO's by the Government for as long as the fines, and interest were nót paid, and the bail-out money wasn't paid-back in full, plús the blunt banning of bonuses for the Bank's CEO's... (They screamed like sissies.. great fun..). Our government, at the time, under Wouter Bos, was astute enough to realize that Bank-CEO's were untouchable, but their wallets weren't.. And that the only place Bank-CEO's felt pain, was in their wallets.
All in all, We got our bail-out money back, with a healthy profit attached to that.. You are Dutch, or You are not..
Suffice to say that the forementioned banks were amázingly quick with paying back.. Fear has a tendency to be quite the incentive to people...
Let me answer that:
A monumental mistake, fed by -what we Dutchies call "De Waan van de Dag" (The delusion du jour, the madness of the day..)
The same thing happened overhere. Hence--> Massive bail-out for ING, Nationalizing ABN-Amro. Attached to that, were stiff fines for the banks in question, and the Bail-Outs came with a hefty 20+% interest, plús direct control of the CEO's by the Government for as long as the fines, and interest were nót paid, and the bail-out money wasn't paid-back in full, plús the blunt banning of bonuses for the Bank's CEO's... (They screamed like sissies.. great fun..). Our government, at the time, under Wouter Bos, was astute enough to realize that Bank-CEO's were untouchable, but their wallets weren't.. And that the only place Bank-CEO's felt pain, was in their wallets.
All in all, We got our bail-out money back, with a healthy profit attached to that.. You are Dutch, or You are not..
Suffice to say that the forementioned banks were amázingly quick with paying back.. Fear has a tendency to be quite the incentive to people...
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