The economic decline of the West: Part 2.2 - Banks

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Uploaded by on Dec 7, 2009

Jon Moynihan, Chairman of PA Consulting Group's keynote speech to the MIT Club of Germany in Frankfurt on October 10, 2009, covering financial crisis, causes, implications and desirable actions. Follow on from Jan 22 speech in London.

Part 2.2: The banks

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  • Banks encouraged the removal of laws or anything else that stood in their way to make maximum return for the least amount and as we all know now money in America is made from nothing more than cotton and paper and ink. Kiss it with that assumption the banks where innocent.

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