The New York Times: U.S. economy on the brink of a pit

The New York Times: U.S. economy on the brink of a pit

Saturday July 14, 2012

Follow-up – and babysit – served to writer Eduardo Porter revealed through an article in the newspaper “New York Times” of America that the largest element of surprise in Scandal interest rates investigated by the FBI, is the fact that such investigations and scandals have become commonplace in America.
The author said: “Too many facts of corruption in the financial market and U.S. business made news corruption as something normal, due to your great of falsification of documents that will help other on implementation of profitable business improperly, such as the adoption of high ranking for the deals do not have any protection and presentation of homes for sale, while the vendor based on the speculation of those houses behind the scenes. ”

“The offenses committed in the capital markets are no longer surprised by any of the U.S., where he became one of only five Americans trust the banking system – according to a survey conducted by Gallup – which is less by half than in 2007.”

The newspaper pointed out that the crisis of confidence is not confined to the world of finance and banking, but that 62% of Americans have lost confidence in American institutions is also large.

According to Transparency International, the three out of four Americans believe that corruption rates have increased in the United States in the last three years.

The writer is convinced that Americans should drive a alarm; they got to a stage where the business world to commit offenses is the norm.

He said: “The capitalist system can not be productive without the presence of a trust, in theory, any trade deal must be found in it the confidence factor.”

M. J
Source: alrayy