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Home » Who was to blame for the financial crisis? – BBC News financial crisis 2008

Who was to blame for the financial crisis? – BBC News financial crisis 2008



BBC Business editor Simon Jack explores who could have been to blame for the global financial crisis.

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Who was to blame for the financial crisis? – BBC News

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Who was to blame for the financial crisis? – BBC News
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30 thoughts on “Who was to blame for the financial crisis? – BBC News financial crisis 2008”

  1. If you look at who owns what in the world just lookup Blackrock and Vanguard. Why because they own 85% of everything. Yep everything, From metals to media to pharmaceuticals. When you consider that these 2 companies have such a large interest why do the monopolies commission not intervene? Then look at who owns these companies, you will be surprised. Look at Yahoo finance, twitter, IBM, pepsi, coke, BP, Exon, banks, visa, mastercard, the fed, cbs, nbc, hbo, cnn, apple, android and airplanes and many more. Owners are Bush, Royal Family, obama, rossini, Clintons, vanderbilt, rothchild and so on. So when social media blocks negative posts about vaccines you know why.

  2. The bailout was mostly in the form of shares … shares in bankrupt companies? They should have been short term business loans attracting an interest rate of 27% APR .. just like the banks would do to us? There should have been an agreed repayment term, like the banks would do to us. Failure to meet repayments should have meant seizure of assets and property … like the banks would do to us. Since the bail out UK banks have been fined £71 billion for criminal, yes criminal activities like knowingly laundering money from drugs and people trafficking, fixing interest and exchange rates etc etc. Nest time you talk to your criminal money lender … remember this.

  3. so who goes to jail ??? Why aren't the snakes (who were responsible for causing the recession which made millions of people lose their basic livelihood) out on the street with a cardboard sign and selling pencils from a cup? Why didn't they get a criminal record which prevents them from EVER holding a banking or monetary job ever again? And politicians (who earn £7000 a month) say "we're ALL in this together"…….

  4. So, nobody was to blame? Nonsense. Knowingly selling junk mortgages on fraudulently labeled as AAA to pension funds was STEALING working people's pensions. Keeping interest rates too low, too long….then raising them too high too fast is obviously going to cause devastation…but a Fed expert didn't know that? Yeah, sure he didn't. This engineered depression made many people very wealthy by robbing many more…and nobody went to prison.

  5. Who fault was it? A large proportion of the blame should have been placed on the Big 4 Accounting firms that throughout the whole shambolic debacle merrily signed of the accounts of the Banks as being Going Concerns, when they knew they were going to hit the skids.

  6. Didn't answer question, but 100's of years of financial history will tell you the same thing. Gradually global human needs and wants have been monetised. Tell the people their life is only fulfilled by possession of material goods, they will borrow and through usury the architects of the system become ridiculously powerful. Wiki historically the wealthiest families to get a small insight and you'll see they were all banking related. They became richer than the European royals.

  7. What, no mention of Fred Goodwin and his ruthless treatment of people? We were all just numbers to him, us and his own staff. Numbers were all he cared about. It was money in vs money out. His entire career revolved around how much money he and his bankers could get from people, no matter the cost. Well, the cost was the economies.

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