Who Was Responsible for the Global Recession
|Running Time: 146 seconds
||Published: 2011-01-20 07:30:52
While the consequences of the credit crunch appear all too apparent, the intricacies of the complex financial instruments involved, combined with the vast sweep of the global financial system, seem to defy explanation. Attempts to accuse negligent regulators, fraudulent brokers and greedy borrowers cast much blame but little light on the causes of the crisis. Phil Mullen believes that that the Americans are the ones who were responsible for the recession.
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