barryqwalsh
Gold Member
- Sep 30, 2014
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Regardless of whether Athens and its creditors reach a compromise this week, one thing is certain. The Greek people will endure years more of hardship. But the private sector banks that lent the cash and helped hide the debt for years, will walk away unscathed.
Global banks have risen beyond the scope of national electoral oversight. They have become sacrosanct, particularly since Lehman Brothers hit the wall in 2008, turning global finance into a chaotic maelstrom that threatened the future of Western democracy.
It s not Greece being bailed out - it s the banks - The Drum Australian Broadcasting Corporation
Global banks have risen beyond the scope of national electoral oversight. They have become sacrosanct, particularly since Lehman Brothers hit the wall in 2008, turning global finance into a chaotic maelstrom that threatened the future of Western democracy.
It s not Greece being bailed out - it s the banks - The Drum Australian Broadcasting Corporation