How the U.S. Saved the World from Financial Ruin

Re:How the U.S. Saved the World from Financial Ruin by jdmichal on Monday August 06, 2018 @02:47PM (#17700379)

Is your argument that everything everywhere was completely 100% good except for the bad US mortgage packaging and other similar products? Because I don't remember hearing many good things about, say, Greece and Spain for example, during the fallout.

The US may have been the initial trigger, but it by far did not supply all the snow in resulting avalanche.

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Re:How the U.S. Saved the World from Financial Ruin by polskibus on Monday August 06, 2018 @02:50PM (#17700427)

Didn't Greek hide their debts for so long mainly with huge Goldman Sachs help?

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Re:How the U.S. Saved the World from Financial Ruin by jdmichal on Monday August 06, 2018 @02:55PM (#17700498)

"At the beginning of 2010, it was discovered Goldman Sachs and other banks helped the Greek government to hide its debts." [0]

Yes, it seems that Goldman Sachs was involved in helping cook the books.

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Re:How the U.S. Saved the World from Financial Ruin by notveryrational on Monday August 06, 2018 @05:26PM (#17701918)

Let me clarify here that I did not intend to communicate that "everything everywhere was completely 100% good except for the bad US mortgage packaging". This was my miscommunication and I own it.

There were (and are) lots of problems in the financial sector.

This is what I got by trying to distill down a very complex process into an easily readable list.

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