The banks royally screw things up so that banks and then countries end up in massive amounts of debt. We pour money into the banks, but it gets us nowhere and we see no benefit from it, and now the countries that are worst hit now look like they're having senior banking figures installed in charge of government.
Simply the banks fucked up and let everyone overstretch their finances, the banks did it as well, then when the shit hit the fan the banks and the countries became insolvent and now the big central banks are blackmailing the governments (i.e. do as we say or you won't get any bailout money) into installing bankers as government figureheads.
Am I being thick or is this a coup detat? It sure looks like one.
After all for these moves to have any democratic legitimacy, then the governments should be dissolved and then the new regime should fight for election by the people just like any political party.
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2 days ago