Biz
Results for tag: bailout
Posted by: Biz on Oct 21, 2008 at 06:04:29 PM

ING, of Renault fame, after 28 consecutive quarters of record profits nearing 45Billion Euros is crying to the Dutch gov't for a 'bailout' and reviewing their F1 involvement.  How does any 'business' make 7 years of profit, not forsee their weaknesses in time and then can't sustain two quarters of unprofitablity.  Seems ridiculous to me and that others are going along with it is even more ridiculous.  How quickly everyone forgets... Something is rotten all over. Read for yourself and check the historic charts for all the banks, it is all the same. After a decade of record profits, they've mis-managed and squandered the largest fortunes ever amassed in history.  Bring back the dotcom, at least then we had hope and excitement - until the unintelligent bankers screwed it

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