The correlation between the financial crisis and the crisis of the financial institutions To the memory of Istvan Hagelmayer and Laszlo Antal

It is one of the typical features of our senseless disputes that we talk to each other by using concepts that are not equivalent in their meaning. In order to avoid such misunderstandings, I will use the concepts of financial crisis, 1 crisis of financial institutions, 2 economic crisis(3) and social crisis(4) consciously and with different contents. I will try to prove that according to the Euro-Atlantic values, 5 the point of the current financial and financial institutional crises have one the one hand resulted from absolutely different factors. The reasons are sometimes very different, but sometimes the contributing factors, the underlying economic and social crises are very similar. This is why the nature of the different crises, and therefore, their efficient management, require very different solutions. Finally, I would like to explain why we may still hope for the evolution of a perhaps more humane, because more sensible and sympathetic, world after this sobering historical correction.