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Old 27th Jun 2010, 20:03
  #1469 (permalink)  
frostbite
Recidivist
 
Join Date: Jun 2005
Location: Essex, UK
Posts: 1,239
The point with those dodgy derivatives is that they were sold with a (supposed) pedigree from (supposedly) reputable finance houses who had (supposedly) been vetted by the regulators and who carried first class credentials from the ratings agencies.

You are not wrong about the various governments or the lack of Empire, but the above is what triggered the crisis.


Basil, doesn't that silly man realise that only Whites can be racist?
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