Singapore is the safest.
2:15 into
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The specific points at issue are ownership or sponsorship of hedge funds and private equity funds, and proprietary trading — that is, placing bank capital at risk in the search of speculative profit rather than in response to customer needs. Those activities are actively engaged in by only a handful of American mega-commercial banks, perhaps four or five. Only 25 or 30 may be significant internationally.
Marc Faber’-s outlook for 2010…- and later:
New York Times editorial against Goldman Sachs and the other financial firms.
Humm. I agree that some practices are evil, but do the NYT know that hedging is good?