Quote:
Originally Posted by Juevento
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Seriously, you are trying to link the subprime mortgage crisis to Greece? You do realize that one thing is about lendors giving money to people who didn't warrant a loan and then packaging that debt and selling it off as good debt and the other is about a county that borrowed so much and is now refusing to take the measures needed to pay it back right?
Please elucidate for me the connection I am missing.
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Yes the damage done reverberated through financial instutions worldwide. This is where it all started.
That's not to say Greece didn't have any of it's own problems, but without the total fuck up of money grabbing capitalist wankers fucking the place over things would have been less acute for Greece and worldwide.
What's amusing now is the regulations that were put in place in the US to stop this from happening again, are slowly being erroded away.
07-06-2015, 05:54 PM
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