Montag, September 28, 2009

Strategy

In der letzten Vanity Fair finden sich einige Artikel zur Finanzkrise, der Rolle des US-Finanzministeriums und über die Ahnungslosigkeit, mit der Milliarden aus dem Fenster geschmissen wurden, in der Hoffnung, dass es schon die Richtigen treffen und Gutes bewirken werde.

"once the money left the building, the government lost all track of it. The Treasury Department knew where it had sent the money, but nothing about what was done with it. Did the money aid the recovery? Was it spent for the purposes Congress intended? Did it save banks from collapse? Paulson’s Treasury Department had no idea, and didn’t seem to care. It never required the banks to explain what they did with this unprecedented infusion of capital.
[...] the real strategy was less than scientific—amounting to a hope that if a massive pile of money was simply thrown at the economy, some of it would surely do something useful." (VF)