for the article published in: Spiegel, 3/18/2008, click on
http://www.spiegel.de/international/business/0,1518,542158,00.html
“But it's not as if these financial institutions knew the precise scope of the losses they faced.”
What the hell is this twit saying? These are bankers with high priced lawyers, towel-boy politicians and the sainted Allen Greenspan to advise and implement this failure.
The international banking system, in an orgy of greed, aided by their paid employees in congress, were allowed access to the public treasury.
This sainted Allen Greenspan was instrumental in repealing the Glass-Steagall Act that would have prevented this catastrophe. What do these shills for piracy think we are? As stupid as they hope we are?
These banking families need to stand trial for, at the very least, for conspiracy to defraud and theft.
You can believe that these jesters of the now falling house of financial cards will attempts to paint it as a mistake.