Who's fault is subprime.............

BadCo · Mar 27, 2009

Quote from Humpy:

Don't break up your fight on account of me but over here in Europe the banks are in really bad shape. Not your problem I expect you Yanks are saying. But it will be.
What has happened is that the govts are backing bank deposits 100%.
That has given the politicians a strangle hold over all the financial sector. This is as good as nationalizing the banks with taxpayer's money and without their permission. The Communists will be delighted. We have unreformed Commies in our Govt like Jack Straw who will be amazed at what has fallen into their lap, thanks to some unprincipled mortgage lenders in the USA.
The Russians are probably wondering if they should be claiming victory in the Cold War after all. The USA has thrown victory away for a few lousy dollars and loused up the world economy into the bargain.
The results of your GREED are coming home to roost - ya crooks
More...

Takes two to Tango. The Eurobanks didn't have to buy all those CDOs.

flytiger · Mar 27, 2009

Maybe the economy can rise from the dead like this thread.

but I doubt it.

Log in or Sign up

Who's fault is subprime.............

BadCo

flytiger