Gary North on the Mortage Fiasco

After persuasively arguing that everybody involved knew exactly what the banks have been doing that has gotten them into this beautiful mess (”The World’s Largest Banks Are Now Trapped“) …

When a criminal conspiracy acts in a criminal fashion, it can be prosecuted. But when a criminal conspiracy has been licensed by the government, and has de facto run the government of every major nation for a century, it will be difficult to get a conviction. None dare call it criminal.

Ouch.

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