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Is your argument that everything everywhere was completely 100% good except for the bad US mortgage packaging and other similar products? Because I don't rememb
by jdmichal 8y ago
Is your argument that everything everywhere was completely 100% good except for the bad US mortgage packaging and other similar products? Because I don't remember hearing many good things about, say, Greece and Spain for example, during the fallout.
The US may have been the initial trigger, but it by far did not supply all the snow in resulting avalanche.
- polskibus 8y agoDidn't Greek hide their debts for so long mainly with huge Goldman Sachs help?
- jdmichal 8y ago"At the beginning of 2010, it was discovered Goldman Sachs and other banks helped the Greek government to hide its debts." [0] Yes, it seems that Goldman Sachs was involved in helping cook the books.
- notveryrational 8y agoLet me clarify here that I did not intend to communicate that "everything everywhere was completely 100% good except for the bad US mortgage packaging". This was my miscommunication and I own it. There were (and are) lots of problems in the financial sector. This is what I got by trying to distill down a very complex process into an easily readable list.