"The Market is not a Safe Bank" by Helmut Schmidt (tags)
This crisis was avoidable. The fact that American investment banks are not subject to any normal bank supervision is scandalous. Financial transactions must be subject to rules and security standards. The heavier the traffic, the more rules and regulations are needed.
Dear Americans by Helmut Schmidt (tags)
Will America stop consuming a large share of the savings and capital formation of other nations? The trust of Europeans in American leadership is shaken today. We want to love America again. But we are skeptical because Washington seems focused on only troops and finances.