Wednesday, July 1, 2015

Greek and US financial woes

See this article by Stiglitz on Greece's problems, created not by Greece but by the criminals that imposed failed austerity policy upon them. It's a similar dynamic that caused the US financial crises. I was working in the insurance industry at the time and saw it from the inside. It was NOT those who couldn't afford to buy houses that caused it by defaulting on their loans. It was bankers who not only gave loans to people they knew could not afford it, but then turned around and bet they would default so they could make money on those defaults. They created a situation knowing full well those defaults would crash the economy and didn't care in the least because they also knew full well they'd be bailed out due to insiders in the Treasury and Administration, former banksters themselves. It's a criminally corrupt system and why I had to retire early and blow the whistle on my own employers. Only the likes of Sanders, Warren and progressives give a shit about this.

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