Thirst for Wall Street to place their financial products around the world to get rich, filthy and fast track the percentages, it took the tragedy of the subprime ( subprime mortgages) that became toxic products hidden in packages labeled with the triple A (AAA, safe products), liars, the rest of the country's finances bought at close range by a good price cheated. The products were missing an A after another until it disappeared, and became unsaleable and non-transferable. The lost financial liquidity (cash, cash) and closed the "tap" of appropriations. It happened like this:
In times of economic prosperity happy American banks for mortgage credits granted for the sole endorsement of the particular property that did not stop price rise. That practice was copied everywhere, especially here in Spain, creating the housing bubble that did not want to see as the financing of municipalities was based on it by re-zoning. Did they think that every English family should having a floor member? Meanwhile, here in USA, individuals, based on loans, they went to developers and speculate on rising prices to sell the apartments just recently purchased. However, as the economy has its own life and in a society as liberalized for the Capital, such as the American people change their city and work easily, it happened that left many credits paid by the timeliness and flexibility of work. Immediately upstream prices of dwellings to a standstill due to the Banca began to pay no money, no trust, then the building stood, and without paying those mortgages became subprime camouflaged in toxic products. Surge The International Financial Crisis. JLR Zapatero arrives, that to win the 2008 General Election in Spain does not recognize any crisis (well, a little indecent but it) is the first of the ramblings that he will commit. Wins the election and still does not recognize the crisis. This is no longer excusable. Following the general trend gave him money to the financial system to return to have liquidity (ie a friend) and can provide, and that money is retained by the financial system for their own protection and goes, almost. Melt the Social Security savings, in a gesture hateful socialist opponent (the PP, they walk too!) and lose their support, hoping that the crisis itself now recognized last few months. But it goes for long. Once the "piggy bank" empty, aims to fill the future with the money of pensioners, civil servants, and other social cuts, which is the only option left standing. The wealthy are taking the opportunity to tell them if they could bring CUTS on track, not like him. In one kick is turn up the taxes on the rich to piss me off at all, that little use.
Unions defend themselves against such aggression and suggest, somewhat late, the general strike of 29 S. And that each person may interpret how you want, as it is a right protected by the Constitution and never an obligation.
Would not it have been better to recognize the Financial Crisis and failure to provide money to finance? Because now is the Government itself needs the loan converted into foreign debt, that we have good hand in our most intimate parts to all English, foreigners who buy us that debt. I say, I am of the cut.
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