by Charles Hugh Smith from Of Two Minds
Why Isn’t Anyone Talking About Writing Off 3 Trillion Euros of Bad Debt?
The only solution to bad debt is to write it off–renounce it all. Why aren’t those who took the risks for their own private gain being forced to absorb the losses?
We all know some 3 trillion euros of debt in Europe is uncollectible. So why isn’t anyone talking about the [...]
Editor’s note: This is the first of a two part series on George Soros and the media.
When liberal investor George Soros gave $1.8 million to National Public Radio , it became part of the firestorm of controversy that jeopardized NPR’s federal funding. But that gift only hints at the widespread influence the controversial billionaire has on the mainstream media. Soros, who spent $27 million trying to defeat President Bush in 2004, has [...]