The Error is in the System (tags)
The financial crisis mutated into a global economic crisis and a state debt crisis. The financial crisis was not a "bump in the road" or an industrial accident but a systemic and structural crisis that caused $11 trillion of wealth to vanish while millions lost their jobs. homes and pension
Self-Abandonment of the System (tags)
The banks are seemingly on Victory Street and taxpayers face bankruptcy. Bailing out banks by printing money is a dubious recovery. Paulson, Bernanke, Summers and Geithner are the architects of a policy of easy money. The money given to banks does not reach the economy.