Greece And Euroland’s Crumbling McMansion Of Debt

by Charles Hugh-Smith of OfTwoMinds blog,
ZeroHedge.com
02/16/2015

All the gimmicks lenders press on borrowers to maintain the artifice that the loan is being serviced are financial frauds. They are simply new frauds piled on the initial fraud of issuing a visibly imprudent loan. The borrower was not creditworthy and the lender should never have offered him loans of that magnitude and at that low interest rate. The losses belong to the lenders, period.

The Rest…HERE

This entry was posted on Monday, February 16th, 2015 at 1:35 pm and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.