The money quote:
"The bankers ignored history, and used the bailout to fatten their own pockets at the expense of the people. As a result, fixes were not done, and even actively fought against. Now we are facing not a repeat of 2007, but a far worse situation. The banks have increased their risk, and gambled on governments bailing them out once more."
Related:
Good Luck Finding a Place to Hide as Global Markets Crumble
1 posted on
07/06/2015 10:50:57 AM PDT by
SkyPilot
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It looks the like bill has finally come due for the deal made with Satan.
2 posted on
07/06/2015 10:55:54 AM PDT by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: SkyPilot
Aaemmm - margin call, gentleman...
3 posted on
07/06/2015 10:56:14 AM PDT by
Paulie
(America without Christianity is like a Chemistry book without the periodic table.)
To: SkyPilot
The DJIA is off ½% at the present time. Hardly crumbling.
4 posted on
07/06/2015 10:56:28 AM PDT by
RoosterRedux
(WSC: The truth is incontrovertible; malice may attack it, ignorance may deride it, but in the end...)
To: SkyPilot
Don’t you just love derivatives?
5 posted on
07/06/2015 10:57:01 AM PDT by
umgud
(When under attack, victims want 2 things; God & a gun)
To: SkyPilot
Right now the Dow is down 0.5%.
To: SkyPilot
What are you trying to do here? Bombastic misleading headline.....
The markets aren’t crumbling....DOW barely down....Tokyo down a little, and China Crumbling? China is up for today, and WAY up for the year.
It may all crumble at some point....but to say that Greece is causing this right now? No.
To: SkyPilot
Dow down half a percent. Big deal.
9 posted on
07/06/2015 10:59:55 AM PDT by
Ultima
To: SkyPilot
Dow 17,635 -96 0.54%
Nasdaq 4,974 -35 0.70%
S&P 5002,063-14 0.66%
GlobalDow 2,491-32 1.27%
Gold 1,172+9 0.73%
We are all going to die.
To: SkyPilot
But my Orange Juice Futures are safe, RIGHT? ;)
12 posted on
07/06/2015 11:01:16 AM PDT by
Diana in Wisconsin
(I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
To: SkyPilot
And who should step on-stage to offer solutions to the world problems?
15 posted on
07/06/2015 11:04:49 AM PDT by
SkyDancer
( "Nobody Said I Was Perfect But Yet Here I Am")
To: SkyPilot
“That the Chinese index has lost over a third of its value in under three weeks should have been a large warning.”
Forget the Greeks, it is China that worries me. China and the US are the world’s largest economies now and their economies are massively interlocked by trade and investments. How can this NOT affect us, sooner or later?
18 posted on
07/06/2015 11:08:34 AM PDT by
TexasRepublic
(Socialism is the gospel of envy and the religion of thieves)
To: SkyPilot
This will be blamed on climate change. Not kidding.
19 posted on
07/06/2015 11:09:25 AM PDT by
lacrew
To: SkyPilot; 3D-JOY; abner; Abundy; AGreatPer; Albion Wilde; AliVeritas; alisasny; ...
And here we go . . .
I'm sure ¡Cheb! and Boehner and McConnell will ride to the rescue, if ¡Cheb! wins next year.
PING!
21 posted on
07/06/2015 11:10:34 AM PDT by
Tolerance Sucks Rocks
(Cancer-free since 1988! US out of UN! UN out of US!)
To: SkyPilot
"... we are facing a real potential of a Greek default,... I thought that Greece had already defaulted last week.
23 posted on
07/06/2015 11:15:03 AM PDT by
StormEye
To: SkyPilot
Why should I care if the banks get paid back? Haven’t they profited enough already? All that while we little folk get to pay fees and collect close to 0% interest.
25 posted on
07/06/2015 11:17:06 AM PDT by
grania
To: SkyPilot
So all the Chinese have to do is, call in their American markers and it’s all good, right?
Right??
27 posted on
07/06/2015 11:22:19 AM PDT by
Old Sarge
(Its the Sixties all over again, but with crappy music...)
To: SkyPilot
Gee, we need a One World Government with a charismatic leader to save the day.
39 posted on
07/06/2015 11:50:01 AM PDT by
Old Yeller
(Civil rights are for civilized people.)
To: SkyPilot
While the usual con men will use the Greek vote to hawk goldGold is a hard asset, hawking is misused here, best used when the product is basically worthless or of little value.
40 posted on
07/06/2015 11:52:57 AM PDT by
1Old Pro
To: SkyPilot
51 posted on
07/06/2015 12:50:22 PM PDT by
fella
("As it was before Noah so shall it be again,")
To: SkyPilot
uhhhhhh...The markets didn’t crumble.
65 posted on
07/06/2015 6:23:05 PM PDT by
Drango
(A liberal's compassion is limited only by the size of someone else's wallet.)
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