In the UK the media narrative is so dumb as usual. The sub-prime crisis and the financial crisis were caused in and by the USA, goes the tale. Don't believe a word of it. Did any world leaders offer one word of complaint when the Basel 2 banking rules were concocted by supranational committee? Banks were as good as told to lend to people who would ...
Posted on The Tap Blog
Friday, 21 November 2008
The Role Of Politicians In The Meltdown