Why should taxpayers stand up for the ruthless, selfish, solely profit oriented behavior of the big banks? You are right: they should NOT! Here is a video of CBS 60 min that explains how the financial crisis was created:
A Look At Wall Street’s Shadow Market
How Some Arcane Wall Street Financial Instruments Magnified Economic Crisis
Video:
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..eerrm by weight i mean money. Here is a nice infographic from the Wallstreet Journal showing the awesomeness of lossing of 1.8 Trillion dollar.
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I was really surprised about the news on Monday after the Monetary System Posts. These are the Headlines at spiegel.de:
Die nächste US-Investmentbank in der Krise: Der Quartalsgewinn von Goldman Sachs ist um 71 Prozent eingebrochen. Die deutsche Börse reagierte schnell auf diese miese Bilanz - der Dax sackte unmittelbar nach Bekanntgabe der Zahlen ab
Haushaltsdebatte: Steinbrück [...]
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