From the British Guardian: "...The global financial crisis, it is now clear, was caused not just by the bankers' colossal mismanagement. No, it was due also to the new financial complexity offering up the opportunity for widespread, systemic fraud. Friday's announcement that the world's most famous investment bank, Goldman Sachs, is to face civil charges for fraud brought by the American regulator is but the latest of a series of investigations that have been launched, arrests made and charges made against financial institutions around the world. Big Finance in the 21st century turns out to have been Big Fraud..."
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Comment: This author from the British Guardian, like so many other authors, is wrong. The heart of the matter is the fraud inherent in the fractional reserve banking system and a monetary system which has been cut off from any anchor along with an economic-political system whose desecription as "fascist" or "state-monopolistic" is not too far away from truth.
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