wasn't it that American billionaire with the odd hairpiece, Donald Trump, who chuckled a few months ago that American banking institutions were smart in exporting their toxic loans to Europe?
in the end it may be a bad move by wall street simply because the Europeans are now taking the first steps along legal avenues to recoup fraudulent transactions; whereas the yanks, on the other hand, like to cover it up via fraudulently using AIG as as a proxy, on behalf of the fed reserve, to pay out the bad derivative bets.
milan police seize jpmorgan bank funds ..., page-10
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