World Politics Central

The recent US recession that took the world by surprise gave rise to a new and growing dread of Wall Street to blame for the riches and also the collapse of the global financial markets the world over. The Global economy is tied down to other countries through the banking sector and other investments made by shareholders in other projects that needs cash, using the home bank’s and subsidiary funds to offer financial might for part of control of foreign local groups. From banks, housing market lenders to all other types of financial accounts, most US banks had exposure in one or even more of these industries, allowed to continue when the market boomed and the creation of risky/toxic financial packages were allowed. There was simply so much going around they had to bring it somewhere else so they don’t have to pay huge sums in taxes and other government fees.