ZeroHedge – Greece And Euroland’s Crumbling McMansion Of Debt – 16 February 2015

ZeroHedgeSubmitted by Charles Hugh-Smith of OfTwoMinds blog,

All the gimmicks lenders press on borrowers to maintain the artifice that the loan is being serviced are financial frauds.
Sometimes the best way to summarize a complex situation is with an analogy. The Greek debt crisis, for example, is very much like the subprime mortgage crisis of 2007-08.
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