http://www.latimes.com/business/la-fi-euromood20-2008sep20,0,7535469.story

It's just amazing how everybody else knows
And they still keep feeding us propaganda
Do you know what Hank's secret is
We're going to buy the rest of the debt that the bankers sold to the world
It's the hidden clause and there is alot of it.
The world wants it's money back
And your going to pay it
Or Hank's friends go to jail
For fraud!

Europeans on left and right ridicule U.S. money meltdown

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Daniel Berehulak / Getty Images
A street scene near London's financial center. Among Europe’s economies, Britain’s most resembles America’s in its vulnerability. Europeans cited Alan Greenspan and greed as culprits in the Wall Street meltdown.
They list greed and Greenspan among the culprits, and there are comparisons to . . . Albania. But amid the gloating, there is fear for financial systems in Britain, Spain, Italy and elsewhere.
By Sebastian Rotella and Janet Stobart, Los Angeles Times Staff Writers September 20, 2008
LONDON -- It's a rare day when finance officials, leftist intellectuals and ordinary salespeople can agree on something. But the economic meltdown that wrought its wrath from Rome to Madrid to Berlin this week brought Europeans together in a harsh chorus of condemnation of the excess and disarray on Wall Street.The finance minister of Italy's conservative and pro-U.S. government warned of nothing less than a systemic breakdown. Giulio Tremonti excoriated the "voracious selfishness" of speculators and "stupid sluggishness" of regulators. And he singled out Alan Greenspan, the former chairman of the U.S. Federal Reserve, with startling scorn.


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"Greenspan was considered a master," Tremonti declared. "Now we must ask ourselves whether he is not, after [Osama] bin Laden, the man who hurt America the most. . . . It is clear that what is happening is a disease. It is not the failure of a bank, but the failure of a system. Until a few days ago, very few were willing to realize the intensity and the dramatic nature of the crisis."In an interview Thursday in the Italian newspaper Corriere della Sera, Tremonti drew a comparison to corruption-ridden Albania in 1997, when a nationwide pyramid scheme cost hundreds of thousands of people their savings and ignited anarchic civil conflict."The system is collapsing, exactly like the Albanian pyramids collapsed," Tremonti said. "The idea is gaining ground that the way out of the crisis is mainly with large public investments. . . . The return of rules is accompanied by a return of the public sector."