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Quote du Jour

“We want to put down the foundations of a capitalism of the entrepreneur and not of the speculator. We want transparency. We want moralization. We want the creation of value. We want people to have confidence.”
– French President Nicholas Sarkozy on a European response to loss of confidence in the banking and financial systems
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Why should we believe Sarkozy?
More snake oil sales pitch?
I agree we want all the things he mentions but is he perhaps just saying what he thinks we want to hear? Politician first and foremost, probably.
we want that too, howcome we can’t get it?
Not stated by the French President: a central world banking authority can bring this about.