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Old 24th Nov 2011, 19:38
  #1437 (permalink)  
breakfastburrito
 
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The nerve of a someone who CREATED MONEY OUT OF THIN AIR AND CHARGES INTEREST ON IT enabling him to reap millions.
The banks have been the great enablers of the collapse in Europe. Goldman Sachs helped Greece "cook the books" to hide debt off-balance sheet to enter the Euro, French & German banks were lend until their leverage was >50:1 to sovereigns. It is this accumulation of debt in the system that is the problem. The bankers aided the politicians to hand out money they didn't have, the unions scooped up what they could for their members.

The financiers are the most unproductive parasites in the economy, sucking enormous profits from the real economy by simply indebting the populous either via mortgages (US,GBP,AU) or socialist government spending (Europe, China) spending. It is the banker sucking the life force from the workers, not the unions.
The unions, they also have a case to answer, but problems they caused are at least an order of magnitude less that those of the financiers. I have a whole thread running on this:Globalisation debt & Banking.
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