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So what your saying is that if I am a drug runner or a terrorist, I shouldn’t open an account at Banex? Thanks for the warning. If you ask me, that’s the only good thing they did concerning your application.
“These are huge numbers and, of course, the Fed knew exactly where the money was going, just as they knew what the outcome would be in the long term. The effects of low interest rates and increases to the money supply are like the immutable laws of science. In this case, they act like gravity pulling the whole battered US economy into a bottomless black hole. It was entirely predictable.”
Ridiculous. The housing bubble was a result of human greed and the over optimism that such greed engenders. Funny how this “scientific certainty” is only crystallized into words such as your post AFTER THE FACT. I suppose some elite government agency of omniscient intellectuals was responsible for 9/11 as well? Why is it so comforting to the human psyche to attribute catastrophe to a small conspiracy of actors instead of acknowledging the simple fact that no one can reliably predict the future? It’s like the psychic who never wins the lottery.
How good Walmart is for Ticos is proportional to the existence and application of laws that regulate things like labor practices, tariffs, anti-trust rules, etc. With regard to labor practices, Ticos are generally treated in a borderline criminal manner by employers and have very little recourse to do anything about it. I would guess that Walmart will use their wealth and know-how to differentiate themselves and treat their employees marginally better than most other companies, but Ticos will continue to get screwed until there is 1) better legislation and 2) corrupt people start going to jail.
