Comments on: Europe’s economic disaster Mon, 23 Mar 2015 20:11:41 +0000 hourly 1 By: nose2066 Fri, 22 Aug 2014 05:01:59 +0000 Didn’t the financial crisis of 2008 originate on Wall Street? The financial system froze. Banks refused to deal with other banks because no one could tell which financial institution would go bankrupt next because of all of the junk mortgage backed securities that the banks and brokers still had left on their books (unsold “inventory”).

Today Wall Street is selling low grade junk bonds at abnormally high prices – another crisis in the making? Europe is not the place to look for the next financial crisis.