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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Haim R. Branisteanu who wrote (110099)3/30/2010 10:46:05 AM
From: Hawkmoon  Read Replies (2) of 116555
 
Lehman alone sold the world over $300 BILLION of structured instruments as saving plans which went bust and the list goes on,

And AIG underwrote up to $300 Billion in European Bank debt so they could get around capital restrictions..

activerain.com

Then the US taxpayer bailed out AIG and saved those European banks.

A whole lot of blame to be spread around on both sides of the Atlantic, IMO.

Hawk
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