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To be blunt, there are a lot of people out there who just blame the U.S. for everything. That doesn't mean the world hates us it just means they don't want to
by TomOfTTB 18y ago
To be blunt, there are a lot of people out there who just blame the U.S. for everything. That doesn't mean the world hates us it just means they don't want to blame themselves and we're the most visible target.
The truth is, ironically, this is one of those unique situations where the U.S. would have fallen alone if the rest of the world had ignored what our irresponsible lenders were doing. This crisis, thus far, is limited entirely to the banking industry (other people are over reacting to it but the only industry that's actually faltering are the banks). Which means banks in Europe would be fine had they not (a) made the same mistakes and (b) bought up packages that contained loans they knew weren't solvent.
- mjnaus 18y agoAre you not living in the same world as I am? Didn't the Nikkei index loose close to 10% again yesterday? Panic doesn't restrain well unfortunately... When someone falls for a scam, you blame the victim for not figuring out he was scammed soon enough? Fair enough, other financial institutions around the globe should have done their homework better, but that doesn't change much about the fact that Wall Streets money-grabbing and greedy mentality isn't to blame for the current mess...