02-02-2009, 09:28 AM
<b>Grimmestâ Davos Ever Brings Anger, Finger-Pointing at Bankers</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Turkish Prime Minister Recep Tayyip Erdogan stormed out of a panel discussion and Russian Prime Minister Vladimir Putin hectored the U.S. as the font of the worldâs economic woes. Almost everyone blamed the few bankers who showed up for the near-collapse of the financial system.
Attendees were âless reluctant to criticize, and sometimes very vocally criticize, the U.S. and its capitalist system because of the problems weâre having,â said David Rubenstein, co-founder of the Carlyle Group, who first came to Davos a decade ago. âMaybe thatâs deserved, but itâs a big change.â
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âGod knows, some really stupid things were done by American banks and by American investment banks,â Dimon said. âTo policy makers, I say: âWhere were they?ââ
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Anyone who thought Barack Obamaâs election as president would temper criticism of U.S. policies would have been disappointed. Economists questioned his $819 billion stimulus plan, urged him to deliver another rescue package for banks and fretted about soaring national debt.
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Attendees were âless reluctant to criticize, and sometimes very vocally criticize, the U.S. and its capitalist system because of the problems weâre having,â said David Rubenstein, co-founder of the Carlyle Group, who first came to Davos a decade ago. âMaybe thatâs deserved, but itâs a big change.â
....
âGod knows, some really stupid things were done by American banks and by American investment banks,â Dimon said. âTo policy makers, I say: âWhere were they?ââ
...
Anyone who thought Barack Obamaâs election as president would temper criticism of U.S. policies would have been disappointed. Economists questioned his $819 billion stimulus plan, urged him to deliver another rescue package for banks and fretted about soaring national debt.
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