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To: Kartographer
They, like the Greeks, had the opportunity to take banksters and arrest them for their crimes, giving them a fair and public trial and then imprisoning them.

Is he blaming the 2008 economic crash on banks? I always thought that coercing banks to make loans to unqualified people (with the Federal guarantee for default) was what led to the housing crash. Who are the 'banksters' anyway? Evil capitalists?

I think I will place the blame on Federally mandated social engineering - which Progressive elected officials were glad to place on the tab of the US taxpayer. And we're not done yet. As long as these geniuses continue their Marxist rejection of free market principles we may rest assured that future collapses are in store. But if you need a culprit, you need look no further than Congress.

http://www.youtube.com/watch?v=UIjoW_IXos4

3 posted on 04/04/2012 3:32:01 PM PDT by LucianOfSamasota (Tanstaafl - its not just for breakfast anymore...)
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To: LucianOfSamasota
The 'banksters' hes referring to is Goldman. I'm sure there are others. The deals are considered legal, but moral is another matter. Now, the common citizen of Greece gets to suffer from the corrupt Gov't that used such mechanisms.
4 posted on 04/04/2012 3:42:08 PM PDT by Theoria (Rush Limbaugh: Ron Paul sounds like an Islamic terrorist)
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To: LucianOfSamasota

How about people who gave out mortgages then failed to follow any of the laws involved in recording and tracking those transaction even going as far as shredding the required documentation and then bundling those mortgages and selling them to others as solid gold/A1 investment knowing all the while that most of them were junk and then while pushing the sale of these solid investments they were betting against them on the backend.


9 posted on 04/04/2012 6:28:08 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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