Emergency Brake for Speculators (tags)
The private indebtedness brought about by unscrupulous financial managers mainly in the US was almost completely transferred to state budgets.
Applying the Emergency Brake (tags)
"The US bank model forces others in indebtedness, inflates the money supply, devalues assets and generates virtual dollars..Wall Street banks are involved in a `systemic risk' that endangers the capitalist reproduction process.."