TheMarker: Bank of Israel cuts interest rate to lowest level in history
Talkback
Title:2/3# Mark Lincoln mad about the `Junta`.
Name:Akram Zekaria
City: LondonState: UK
You are totally wrong Mr Lincoln.
This is nothing to do with Bush or any Junta.
This is a Market Place `blessings` for the last
3/4yrs & now the market adjusting itself.
Millions increased their assets by upto 300% in
the last 3/4yrs.Those who over risk themselves
not over 15% of the investors are paying back(the Banks money)because of under secured borrowing.
What you see in the market a `redistributon
of wealth` between the lenders & the borrowers
for the benefit mainly of the Middle Classes`.
The number of Millionars,across the board,in the
last 3/4yrs increased by almost 40%.And the low
earning classes hardly increased by 10%.
It is a peacful economic revolution.
The`Junta`has nothing to do with it and in fact no one to be blamed.The Tax payer refunded
back his taxes through the nature of the market
Some call it the`Banks`greed`.But that is the
result of the consumers greed.Or better,greed itself,which is the very nature of the market.
No one to blame.