Geen onderzoek kredietcrisis nodig?

[Cees Binkhorst]

REPLY TO: D66 at nic.surfnet.nl

Het is mij niet helemaal duidelijk wat de 2e kamer wil bereiken met het
komende onderzoek, maar als ze toch niets beter weten te doen, laat ze
vooral hun gang gaan ;)

Als ze naar Bernanke zouden luisteren was het allemaal niet nodig. Die
legt de schuld voornamelijk bij de landen met veel spaargeld.
China dus, en niet zijn voorganger Greenspan.

Groet / Cees

http://www.usnews.com/blogs/capital-commerce/2009/4/14/bernanke-blame-china-not-greenspan.html
Bernanke: Blame China, Not Greenspan
April 14, 2009 01:42 PM ET | James Pethokoukis | Permanent Link | Print

While not letting U.S. mortgage markets off the hook for the credit
crisis, Federal Reserve Chairman Ben today Bernanke highlighted the role
of excess savings from emerging Asia flowing:

    In the past 10 to 15 years, the United States and some other
industrial countries have been the recipients of a great deal of
foreign saving. Much of this foreign saving came from fast-growing
emerging market countries in Asia and other places where consumption
has lagged behind rising incomes, as well as from oil-exporting
nations that could not profitably invest all their revenue at home and
thus looked abroad for investment opportunities. ... Saving inflows
from abroad can be beneficial if the country that receives those
inflows invests them well. Unfortunately, that was not always the case
in the United States and some other countries. Financial institutions
reacted to the surplus of available funds by competing aggressively
for borrowers, and, in the years leading up to the crisis, credit to
both households and businesses became relatively cheap and easy to
obtain. One important consequence was a housing boom in the United
States, a boom that was fueled in large part by a rapid expansion of
mortgage lending. Unfortunately, much of this lending was poorly done,
involving, for example, little or no down payment by the borrower or
insufficient consideration by the lender of the borrower's ability to
make the monthly payments.

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