KingCondanomation
New member
Here's a great question for the left that likes to believe that America is in trouble because of too little regulation/government, too much capitalism or greed or free market policies or whatever their usual fantasy is.
Europe, which is often hailed as a model by the left for having more and stronger government, has its banks being MORE leveraged than American banks with debt.
"EU banks took on even more debt leverage than their US counterparts, despite the tirades against ''le capitalisme sauvage'' of the Anglo-Saxons. "
http://www.telegraph.co.uk/finance/...-much-for-tirades-against-American-greed.html
Should this really surprise anyone? After all right in the US, the 2 most government-heavy financial entities, Fannie and Freddie, were at the heart of this crisis.
Europe, which is often hailed as a model by the left for having more and stronger government, has its banks being MORE leveraged than American banks with debt.
"EU banks took on even more debt leverage than their US counterparts, despite the tirades against ''le capitalisme sauvage'' of the Anglo-Saxons. "
http://www.telegraph.co.uk/finance/...-much-for-tirades-against-American-greed.html
Should this really surprise anyone? After all right in the US, the 2 most government-heavy financial entities, Fannie and Freddie, were at the heart of this crisis.
