As the 2008 banking crisis unfolded, a lot of secret decisions were made that essentially boiled down to this: The bankers did not want to absorb the losses that resulted from their decisions. The name of the game was who is going to eat the losses? And the early target, as always, was taxpayers.
Iceland – The Model the Bankers Would Like to Forget
The one successful victor over the banks
by Chris Martenson
Friday, June 28, 2013, 6:27 AM