4 ms·
In Germany the publicly owned savings banks (Sparkasse) and credit unions (Volks-, Raffeisen- and Spardabanks) weren't affected by the financial crisis, only th
by legulere 10y ago
In Germany the publicly owned savings banks (Sparkasse) and credit unions (Volks-, Raffeisen- and Spardabanks) weren't affected by the financial crisis, only the large private banks were. Does that mean we should declare private banks as a failed system?
- jessaustin 10y agoYes? If what we've seen from the banks is success, one would hate to witness failure.
- marknutter 10y agoGermany wasn't being propped up by a single resource that was seized by the state. They are far more reliant on a capitalist system than Venezuela ever was during Chavez' reign. The comparison is absolutely silly.
- ZoeZoeBee 10y agoThe Large Banks are a failed system, evidenced by when they failed and were bailed out and the illegal practices of HSBC, Wells Fargo, Deutsche Bank, JPMC, Goldman etc