In this documentary, Wall Street Journal editors and reporters examine the origins of Europe’s debt crisis and why it spread with such ferocity to engulf much of the continent and threaten the entire world.
Take the time to check this out. It is only 23 min…
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The illuminati are the devil in disguise! This is another Hitler plan to steal nations under the guise of too much debt…!
This is a history lesson.
Matt Taibi and Paul Krugman have good,. up-to-date information but what we need is action.
The WSJ was polyanna during the Boom, then tried to rationalize away the banks’ policies during the Bust.
We need to nominate and elect leaders who stand for the middle class, from jobs to housing policy. We need leaders who will find a way to get loan money to the grass roots; end securitization and its global bundling of home loans, keep homeowners in their homes and communities.
To survive, Democracy needs a strong middle class, including property owners who are invested in the survival of their communities
Judge Napolitano of Fox business just reported that Solyndra got $535 billion dollars in taxpayer money…the politicians all need to be thrown out now!!
All the American people get is the big fat bills from all of these crooked politicians and their minions and cohorts on Wall Street!
THe U.S. TREASURY HAS BEEN HIJACKED BY THE NEW WORLD ORDER…THEY WON’T LOAN TO MAINSTREET BECA– USE THEY ARE HELPING THE FEDERAL RESERVE BANKRUPT THE AMERICAN PEOPLE!!!!
THE BANKS WON’T LOAN IS A R– USE, A BIG LIE…IT IS THE U.S. TREASURY WHO WONT LOAN THE U.S. TAXPAYER MONEY TO THE BANKS BECA– USE THE PLAN IS TO BANKRUPT AMERICA!!!!!
Timothy Geithner is a member of the Council on Foreign Relations, he is a member of the NEW WORLD ORDER… HE IS A TRAITOR TO AMERICA…!!!
The U.S. TREASURY is lending billions in taxpayer money to the E.U. and other foreign nations all the while the American people are losing everything…That proves the economic crisis is manufactured and they are out to destroy America!
The U.S. GOVERNMENT IS CONTINUING TO LEND TO THE FOREIGNERS WHILE FORECLOSING AND BANKRUPTING THE AMERICAN PEOPLE!!! THROW THEM AND THE DEBT OF WALL STREET OUT AMERICA!!
BTW… Paul Krugman is who stated that we need a fake alien invasion to fix the economic crisis…
We living in a idiocracy, not a democracy!
BTW Kathleen..the middle class are and have been fully invested in our communities..it is the Governnment and Wall Street who had no skin in the game..
They used the U.S.TAXPAYER as collateral to fund their mortgage fraud Ponzi Scheme..they made hundreds of trillions off of that fraud..and handed all of us the $750 trillion mortgage fraud bill!!
This is woefully too little information way too late. This is similar to Sixty Minutes finally doing a piece on fraud in the foreclosure process in April of 2011, almost three years after the credit bubble burst. Financial commentators NOT with major financial outlets have been watching the crisis as far back as January 2010 that I am aware of. The WSJ coming out with this now is as helpful as an acid flashback. The idea that bond holders will have to take a haircut is nothing new. Russia and Argentina sovereign crisis come to mind immediately. The piece totally ignores the likes of Goldman Sachs selling Greece complex derivatives BEFORE they were accepted into the EU that allowed Greece to show less debt than they truly had. Matt Taibbi from Rolling Stone does a wonderful job explaining this and is worth the read. We should be almost ignoring main stream financial media as by the time they report anything the story is moldy and far brighter minds have already covered it years ago.
It was all planned like the last great depression..all manufactured by the ruling elite with the use of their banking and wall street perps!
The WSJ is pro-austerity and is well regarded and indeed published by the 1%. However, they do provide information that’s valuable to everyone. Please note how little they honestly report on the actual perpetrators of our own and Europe’s financial crisis.