Monday, October 06, 2008

Financial Melt Down and Asset Management Goals

I am guessing that like most around the world I have been keenly interested in watching the goings on in the banking industry. While reading through various articles, I came across one which seems to have some real merit and potential benefit for the Water and Wastewater infrastructure industry.

The article points out a fact, that during the Great Depression, the US Postal Service provided savings accounts, which allowed everyone to save a "small amount" of money with the US Government at a fixed savings rate. Japan used a similar model, which the Japanese government used to fund infrastructure projects until the system was privatized recently.

Check out the article at: http://www.nytimes.com/2008/10/06/opinion/06lind.html?partner=permalink&exprod=permalink

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