So many people countries are blaming the "corrupt USA", but how many people would invest in Russia or China etc? Only a very *brave* few, why? because those places are risky
The latest scandal with Nadof is a great example of carelessness, everyone assumed those "greedy Americans" would not be corrupt so businesses/people/countries invested ****blindly***** you can find many examples of professional investors that didn't fall for the Nadof hype and looked at the numbers and said "something is off". The same for the sub-prime market, packaged debt where no one knew what was in the package... but invested anyway... wildly... and now everyone is crying that there is corrupt business in the US (duh, care to compare the US to some other countries?).
*Of*Course* I am not even attempting to justify any of the corruption here, one of the reasons i might have considered voting for McCain is his semi-tough (shall we say tougher than the average politician which is perhaps not saying much) stance on corruption, but this reminds me of the saying "lotteries are taxes on people that are bad at math" well perhaps this whole financial debacle is a tax on irrational investors (though of course the repercussions are much further reaching than just the jobs of those irrational investors).