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clock Created with Sketch. 24/05/16
16:52
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Originally posted by benbradley
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GFC was primarily a US/EU problem since Australian banks and lenders did not fall into the same Clinton-initiated lending frenzy based on liar loans and crazy housing valuations, and since most Australian financial institutions did not purchase the "toxic waste" of these collateralized debt obligations predators like goldman (Turnbull's previous master) were pushing onto those dumb enough to believe the fantasy of "AAA ratings" that the Warren Buffet owned rating companies were peddling...
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Benbradley, that's not what reputable economists such as Ken Henry have concluded but I accept that it's a true reflection of your understanding of the GFC.
