DARING OPINION

Welcome to Daringopinion.com
The Website of Elie Elhadj
 
 
 
Isolating London From the Rest of Europe is Dangerous
 
Britain’s over-reliance on capricious banking and finance income and on depleting crude oil reserves, coupled with nationalist Eurosceptics' relentless push to isolate Britain from the rest of Europe is perilous to the country economically and damaging to European and world peace. To read more...
 
To Save Commercial Banking From Gamblers, Re-enact Glass-Steagall Act
 
In December 1863, H. McCulloch, U.S. Comptroller of the Currency and later Secretary of the Treasury, wrote to all national banks. Here are some of the paragraphs. To read more...


To Save Commercial Banking From Gamblers, Re-enact Glass-Steagall Act - Mark II
 
Bloomberg reported Barclays Plc President, Robert Diamond, on September 15, 2009 as telling the British Broadcasting Corporation’s Radio 4: “There isn’t any banking without risk” and that anyone who can’t take chances should leave the industry. “We need banks that are confident and banks that are willing to take risks,” to “get the economy going again.” Anyone unwilling to take risks should “get out of banking,” he added. To read more...


AA+ is the New AAA  
 
Standard & Poor’s downgraded on August 5, 2011 the long-term credit rating of the United States of America from AAA to AA+. This downgrade is a reflection on the impaired judgment of S&P, not the credit standing of the U.S. government. Warren Buffet aptly said, reported in Bloomberg: The U.S. “merits a “quadruple A” rating. To read more...


Credit Rating Agencies and All That Jazz


Built on the ruins of the first and the second world wars the Eurozone is a brilliant political and economic foundation for European and world peace. The Eurozone should be fortified. Parochial rivalries in Europe to undermine the Euro threaten European and world peace. Media barons and credit rating agencies' relentless assault on Eurozone economies is a dangerous game. To read more...