Monday, June 14, 2010

Bailing out Banks and Their Investors on the Backs of the Working Class

French and German banks have lent nearly $1 trillion to the most troubled European countries and are more exposed to the debt crisis than the banks of any other countries, according to a new report that is likely to add pressure on institutions to detail their holdings.(1)

Let's hear some more Libertarian commentary about lazy Greek pensioners !

1'Debt Burden Falls Heavily on Germany and France' - NYT, Ewing

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