Quote:
Originally Posted by wehateporn
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Something far more interesting and telling is while these guys were kissing ass, the US was sliding down the pole. They talked up a free trade area, so they could make money sending jobs to countries that pay shit wages or just straight making money for themselves.
The recent banking crisis isn't the real problem. It's a nation putting it's financial welfare in the hands of greedy bankers.
Look at the European news to see the EU banking crisis. It's largely bankers fault and Governments who trusted them. They allowed the bankers and various other investors to put our money into schemes, projects and even countries that weren't worth it.
Greece will face another default soon.
Eire needed a bail out, might get itself in shape.
UK is cutting like mad to make up the deficit.
Italy is looking likely to default.
Spain might not, but looking grim.
Portugal is also weak.
We all know the shape the US is in.
They all over spent to make their economies and themselves look good. It was a house of cards kept up with smoke and illusion. AND
our money.
The money owed was due to people buying and selling debt. In most instances it's not called investing, it's called gambling. Betting on a 3 legged horse isn't bright, but when you earn money for placing the bet, the more you place, the more you earn.
When these investors brought it to a crash, they got a bail out. Now it looks like it's going to hit the fan again. Will we keep letting these clowns play roulette with our money?
</rant>
That clip made me mad.