Government and other countries concerned will have to scratch his pocket in order to get a response from him. Almost one trillion dollars, according to the IMF. For a decade and a half, the IMF has anathematized any government that has intervened or seek to intervene in the economy. Some serious crisis, such as Argentina (which caused millions of poor in a short time), was the result of dogmatic belief that had to be a little less, to expel the state of economic, public enterprises eliminate, reduce and disappear control rules and regulation of the sacrosanct world of finance and other guidelines as folly and prejudice for its implementation has shown in the last decade. And now, when large powerful banks and financial intermediaries will see the ears of the wolf, for his bad business head for his bad management, if not for the worse, Dad State has to go with the bag full to save the situation.
In the eighties there was a serious credit crunch in the U.S., and the operation to refloat the credit system cost the citizens (Americans who pay indirect taxes) an amount that today would be about half a billion dollars. Progress, today it is one trillion. As Professor Krugman has written, is to rescue the financial system to prevent something worse, but not those responsible for this disaster. Paul Krugman proposed rescue the system, yes, but “people who got us into this mess. That means a general cleaning of shareholders in the institutions that have gone bankrupt, making the owners of the bonds (ie those who have invested big money for) support a cut and cancel the stock options of some executives who have enriched throwing a coin face and saying, I win, tails you lose. ” We would like another kind of world in which the largest economy and most voluminous was the real, but that today is revolutionary, elusive, almost Utopian at the moment we settle for paying the piper who have been responsible active or passive market meltdown, adding that, once and for all, to regulate, standardize, monitor the financial world, and an end to the opacity of banks and financial intermediaries. Or the crisis will not stop and will become increasingly serious and expensive.