10 years after the global crisis of 2008, the world is still reeling. But no-one has yet been held responsible. The Men Who Stole the World (and got away with it), Youtube 54.53, 2024
If we do nothing, everything could happen again. ibid.
Wall Street executives and politicians were complicit in creating the crisis. ibid.
‘Our government is supporting home ownership because it is good for America, it is good for families, it is good for our economy.’ ibid. Bush
The public and banks were complicit in committing bank fraud. ibid.
Banks began to borrow a massive amount of money to buy more and more mortgage loans, and package them into derivatives. ibid.
The Lehman bankruptcy: you are talking about the largest single bankruptcy in the history of financial institutions … $693 billion. ibid.
One more time Wall Street misrepresented its financial condition. At the same time millions were spent in bonuses for traders. This was the jackpot. ibid.
The inevitable happens: the house of cards came falling down.
From 2008 to 2011, 30 million people around the world lost their job. Bailouts of banks cost billions to government. Austerity plans spread everywhere. ibid.