1981 collapse of BCCI, ‘the Paki bank’ - oh well, when you let the darkies get involved in banking, what do you expect?
1995 collapse of Barings - just a working class rogue trader, the wrong sort (never mind the greedy, incompetent ..
2001 Enron collapses amid a welter of fraud
2002 World Com collapses, ditto
2002 Arther Andersen, Enron’s accountants, fold - heh, well, these things happen
2007 & the years leading thereto - free money ..
2008 shit hits fan. Lehman Bros. folds, confidence in & between the banks collapses, some banks (Northern Rock) face a run by nervous depositors.
Govt. to the rescue! Hundreds of ..
AUSTERITY!
..
2016 it turns out nationalism & populism are much more potent than anyone thought - the UK votes to leave the EU. Wow.
2016-20 the ..
This is where we are now, with ..
But it’s all a single continuum of permanent fraud, going back to the relatively insignificant BCCI collapse to the huge crashing waves ..
Remember this when demented zealots like Daniel Hannan start prating about free markets. And remember who we elected to be our PM. Capitalism does not work - except for the rich.
End