Bank robberry of the century

Hands up, this is robberry

Off topic again, but I have to save an article for the future . Absolutely right diagnosis set up by Nouriel Roubini about global crunch ( contagion ) just upon the World.

Roubini: Not bail-out, but crap

So, what do you think , how many years in jail will Wall Street guys get for this bank robberry ? How many trials will be there for this criminal and irresponsible behaviour ?
Nada.

Nobody in the media reports about the protests ( YouTube video ) going on in the lower Manhattan ( Wall St. ), not business as usual down there.

Roubini's main conclusion is this:

1. The plan is inefficient (ie, it doesn't discriminate between who ought to be saved or not, and in fact rewards those who created dud assets)

2. It runs counter to the best models of how to deal with this sort of problem

3. It does not punish current shareholders or management


Follow up articles to note:

US retirement accounts have lost 2 trillion
So far and US only...

Iceland - the first souverign nation facing bankruptcy after global financial crisis
National state emergency

Pakistan's the second...after Iceland

Financial manager in LA killed his family
Money worries start to blow someone's mind and tragedy unfolds

Insolvency crisis among UK retailers in 2009 ?
Not aware about the troubles ahead, yet...

Hong Kong bank customers want their money back from banks
At any cost, riots looming...

Brazil and Argentina try trading without dollars
Greeenback not needed as before...

South Africa starts killer disease
Spreads like a plague

Stolen opium for those unhappy in the future
Happy pill for the masses

Russia's bull welcomes Cold War 2

Red Army marching...

Mobile checkout provided by PayPal

Oh, Lord, would you buy me, a mobile Mercedes Benz or just send me some money.
Please ...

Mobile phone users within as much 130 countries now will be able to pay for goods and services on the mobile web sites via PayPal Mobile Checkout system which was announced on the 11th June.

This is extremelly good for the merchants and the fact you could do a trade in a very easy way.

Cheaper trading

No need anymore for merchants to use expensive premium SMS provided by mobile operators granted under unfair deals .

PayPay had been offering for more than a year mobile person-to-person paying system for its user, but this gives another dimension ( WAP 2.0 ) which will make buying from the mobile phone and mobile web sites much easier and much profitable for the content providers.

Checkout alternatives

Google must be preparing something along the same route for Google Checkout.
Just I think that PayPay has an edge on the users side cause they are extremelly specialised for electronic payments , only doesn't have branding power of Google ( maybe service franchising with local entreprenuers would do the trick here and spread it more deeply among the uninitiated).
OboPay has some interesting offers too.

The Bank of PayPal

PayPal claims about 130 million users around the globe ( 190 countries ) . Only in Europe there are about 35 million users .
PayPal had become European bank in Luxembourg and was given financial licence recently.