U.S. Can Blame Wall Street - Who Should Everyone Else Blame? [View article]
Alex Wallenwein said
"Blame? We, Americans, need to blame ourselves for allowing the financial elites and their political gophers to create a system based on nothing but debt leveraged by debt-derivatives and further derivatives of those. If we try blame it on anyone else, we'll never fix it."
C'mon Alex .. who the heck in the USA knew about leveraged debt and derivatives until it was too late. Besides that, the gophers we have are actually pigs, wearing different shades of lipstick. What we need is a 3rd party pig without the lipstick.
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Alex Wallenwein said
Nov 12 09:58 am
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All Comments by knot2hazy »U.S. Can Blame Wall Street - Who Should Everyone Else Blame? [View article]
"Blame? We, Americans, need to blame ourselves for allowing the financial elites and their political gophers to create a system based on nothing but debt leveraged by debt-derivatives and further derivatives of those. If we try blame it on anyone else, we'll never fix it."
C'mon Alex .. who the heck in the USA knew about leveraged debt and derivatives until it was too late. Besides that, the gophers we have are actually pigs, wearing different shades of lipstick. What we need is a 3rd party pig without the lipstick.