Document reveals magnitude and extent of 2007/2008 global financial crisis

Saturday, April 2nd 2011 - 10:02 UTC

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The magnitude and extent of the 2007/2008 financial crisis and the liquidity mechanisms put to work, mainly the US Federal Reserve “discount window” has surfaced following disclosure this week in response to a Freedom of Information Act request. The following is a piece from Bloomberg’s which describes some of the surprises of those hectic days when the global financial system was on the edge of the cliff. Read full article

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briton
Interesting these things only seem to crop up after the horse has bolted,
they say crime is the bottom of pittance, created out of desperation,
yet look closer , and you may well find that in fact, crime is created and started at the very top of society, these greedy corrupt powerful men ,
in reality make the average criminal look like and angel, men with there grown up toys that never grow up, and wants to be rich and rule the world, no matter who they hurt or who gets in the way, perhaps if society ever got round to putting these greedy corrupt politicians-bankers-and rich powerful men behind bars, then distributed the wealth to the poorer people , then perhaps the world would be a better place to live in, but until you do away with money, and come up with something better, then we will have to put up with it, but of course im not talking about all politicians or rich people, not everybody is bad, just the minority, just a shame this minority is the riches , but as long as we have money and other precious commodities we will have corruption,
just my opinion
Apr 02nd, 2011 - 12:31 pm - Link - Report abuse 0
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