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And, yes, I DO take it personally: The view of the U.S./first world financial crisis from Latin America
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Friday, September 19, 2008

The view of the U.S./first world financial crisis from Latin America

i think one word captures it nicely - schadenfreude...

from mercopress...

brazil's lula da silva...

Brazilian President Lula da Silva said on Thursday he has watched with “sadness” the collapse of Wall Street firms that made economic policy recommendations in emerging markets “as if they were the super intelligent and we were the poor souls”, according to Spanish news agency EFE.
“Important banks, very important banks, that spent their lives giving advice about Brazil and what we should or shouldn't do are now broke”, EFE quoted Lula da Silva as saying in a speech in southern Brazil.

Lula criticized Wall Street firms for treating financial markets like a “casino” and for relying on “speculation” to make money. He said the Brazilian economy is well-equipped to weather the global crisis and would suffer “very little” even if the US sinks into a deep recession, according to EFE.

argentina's cristina fernandez de kirchner...
Earlier in the week Argentina’s Cristina Fernandez de Kirchner adopted a similar stance during a political rally: “while the First World collapses” because of the international crisis, Argentina remains “firm”.

“The First World, to which we had been repeatedly told we must reach, is crumbling like a bubble”, she underlined. “In the midst of the swelling sea” Argentina remains strong. “It’s time many of those institutions instead of telling us what to do, should look around and do something for themselves”.

after years and years and years of having their noses rubbed in it by the u.s., the imf and the world bank, it has to be at least a little bit gratifying to watch the greedy bastards who kept telling you if you would only do things THEIR way all would be just fine, having to lie in the bed they themselves made...

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