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Welcome to Daringopinion.com
The Website of Elie Elhadj
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Isolating London From the Rest of Europe is Dangerous
December 2011
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
Updated: February 2010
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
Updated: February 2010
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
August 2011
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 December 2011
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...
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