When I pay for Jondoo's bad debt ?! Financial A B C.. not really
Once upon a time, Jondoo took a loan in the US and is unable to pay... now his debt along with many other US citizens is paid again and again by others... Trillions pumped, you might not think of it this simplistic way, but the end Europe, The Gulf, Asia... Let's not get into details, the result is very clear everyone is pumping cash because of the debt jondoo didn't pay... I'm not blaming Jondoo, after all he really tried to pay... it's just another angle on results I find it very amusing that no matter how much we know about this financial crises we will not change anything about it in the Arab World... The whole world is paying including me and you me for someone Else's bad debt... There is a very interesting article in Arabic on Bilal Sharif's blog about this in detail great stuff... Conclusion: Our banks suck...