MyCOW is one of the very first international communities for the general public built around practicing English. The world of MyCOW brings together in one place different backgrounds and cultures, providing users with the opportunity to make new friends. Members of the COWmunity also enjoy the ability to become citizen journalists, initiate discussion topics and write film or music reviews. Through their participation, these community members play a key role in determining how the site evolves.
Tous les forums > World > Max's Challenge!!!!!
OK
Here's a challenge for you!
Can you explain, to MY COW, the current World Banking Crisis?
Imagine you have a son or daughter and they ask you what is going on. Could you explain clearly and simply the situation?
Why not try? Such exercises are very good for your English!
Excellent question Max
To be honnest when I hear specialist and their different versions, I am not sure there is only one answer.
I my opinion, Banks have created very complex and virtual products not connected with concrete economy ( manufacturing cars, selling food or exporting planes) that nobody was really understanding but that was generating miraculous profit
. Subprime was the trigger, and now banks realize they invested billions dollars or euro on virtual things.
I think Banks have now to consider to change drastically their business models if they want to survive and recover confidence from the market.
Of course not all the Bank did this, but as the banking system is underconnected, every bank is suffering more or less .
Not to boring ?
Vous devez être connecté(e) pour ajouter une réponse.
