fix articles 473706, bernd schunemann Los Angeles Indymedia : tag : bernd schunemann

bernd schunemann

Financial Crisis as Organized Irresponsibility (tags)

In the years 2002-2006, guaranteeing mortgage credits was the greatest source of profit for investment banks. US policy massively promoted and in no way curbed awarding dubious credits. In 2003 Warren Buffett described derivatives as "financial weapons of mass destruction."

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