This entry is also published at eclectic imaging as of Saturday, but it fits also here.
Friday evening, stock markets in panic, one of our fabulous public service broadcasters features a special broadcast on the financial crisis. 15 minutes, just the facts. So I thought.
After a short and incomplete description of the situation our Financial Minister, Peer Steinbrück, is interviewed. The interviewer wants to know if the German government plans to initiate a national rescue plan like other European governments intend to do.
Steinbrück: No comment. Too early to second-guess now.
The interviewer tries to modify his question once more, and once again, but Steinbrück is unwilling to answer. The only hint he wants to give is that there are some preparations and that institutions in need for help would have to fulfill strong requirements. Thank you, Finance Minister, end of broadcast.
Huh!? Why is this TV bletherer, who gets his salaries from public money, unable to insist on an answer to his questions? Why does a democratically elected politician think that people at home - taxpayers - don't have to get to know about our government's next steps that will cost some billion Euros? Why aren't we told if private banks will survive this adventure? Of course nobody wants to fan fear, but is it too old-fashioned to expect at least a hint of transparency in a democratic constitutional state? Why not a single question on HRE, its to be expected financial needs of 100 billion Euros next year and these tax-haven companies with voting rights at HRE Holding?
As I've already written in earlier postings, I really don't know anything about this financial stuff. The few factoids I've learned are from a few blogs ('Rebellen ohne Markt' (rebels without a market, German), 'The Big Picture', 'Weissgarnix' (know-nothing - German), Marketwatch'. It's a shame to get no, absolutely no valuable information from our super-expensive, super-influential and super-superficial public broadcasters.