Tuesday, September 23, 2008

French President Sarkozy Is Turning Out To Be Quite A Darling!

by Jean-Pierre Ady Fenyo, Philosopher.


As many of you know about me, I’m a Progressive Liberal Social Democrat, and no friend of right-wing politicians, but French President Sarkozy, true to his weird Inauguration Speech last year, keeps doing things that impress me!

Last time, it was Monsieur Le President de la Republique Sarkozy’s announcing the creation of a Mediterranean Union, especially suitable for helping resolve the Israeli-Palestinian conflict.

And now this! :

French President Nicolas Sarkozy says that ‘those responsible for the crisis that has swept global financial markets should be punished’!

He said these words as part of an acceptance speech at an award ceremony attended by U.S. and French business leaders, calling for the "truth" on the crisis to be uncovered.

"Today, millions of people across the world fear for their savings, for their apartment, for the funds they have put in banks. It is our duty to give them clear answers," he declared, and then asked, "Who is responsible for this disaster?”, followed by a strong call for action: “May those who are responsible be punished and held accountable!" All of this only hours in advance of a speech to the U.N. General Assembly.

This worst financial crisis since The Great Depression has prompted the U.S. government to request a $700 billion bailout package for Wall Street firms in order to rid them of the toxic mortgage-related debt which toppled investment bank Lehman Brothers and which threatens to plunge the world into disaster!

The bailout package has yet to be approved by Congress and has been criticized by some observers, who point out that it would be quite a travesty if the bankers who ignited this mega-crisis were not held fully responsible for the consequences of their astronomic folly.

Treasury Secretary Henry Paulson contends that his plan will result in far less damage to taxpayers than would happen if companies were left to deal with the financial damages of the crisis.

The French President’s daring comments were not received with great enthusiasm from those members of the business community in attendance, who could easily afford to pay between $1,500 to $75,000 each, just to see Monsieur Sarkozy awarded The Elie Wiesel Foundation for Humanity’s top annual award at a VIP gala event held in New York City.

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