From Market Curator
Bankster: A portmanteau or blend word derived from combining “banker” and “gangster.” Usually referred to in the plural form “banksters” to refer to a predatory element within the financial services industry – Urban Dictionary
The Global Financial Crisis of 2007-2008, the ensuing global recession and subsequent sovereign debt crisis were caused by a combination of excess short-term profiteering and deceptive practices within the banking and related financial services industries. Despite this most of the pain caused by these events has been suffered by ordinary people, and especially by those near the lower end of the income scale; the banks themselves were protected from suffering the effects of their actions because they were considered ‘too big to fail’, and most of banksters behind the crisis have profited from it, rather than lost due to it.
The whole crisis began with banks and other loan providers in the United…
View original post 1,083 more words