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I'm from Europe and I remember very well the 2008 financial crisis. The corrupt banks in America and their massive bailout waved over the ocean and crashed the
by SqwRock 8y ago
I'm from Europe and I remember very well the 2008 financial crisis. The corrupt banks in America and their massive bailout waved over the ocean and crashed the markets here in Europe, then I was pretty young and I could hardly understand how the housing loans there can lower my salary here. It's funny how naturalized the language is, as if markets are some natural force that goes up or down independent of people's will. Living under capitalism at it's best.
- dazc 8y agoYou missed the UK based banks and financial institutions that were acting just as badly, such as RBS and others?
- freehunter 8y agoOr even in Iceland, which was notable because they allowed their banks to fail for the role they caused in the recession? https://en.wikipedia.org/wiki/2008%E2%80%932011_Icelandic_financial_crisis https://en.wikipedia.org/wiki/2008%E2%80%932011_Icelandic_fi...
- SqwRock 8y agoEurope is by no means some kind of ethical banks paradise, we've had our Greece crisis which was just as corrupt. Still, talking about 2008 meltdown the USA played the major part IMHO