If it was the direct result of deregulation, why did other countries experience the same crisis as severely if not more so? And would you care to show a single deregulation in the past ten years that could have caused this crisis? (Hint: there was none)
The on selling of US debt in the form of hedge funds to Europen banks in the GFC has severly limited the Euro nations ability to recover from their own soverign debt issues as they were already smashed from purchasing AAA products from US sources, You my friend are an idiot, de regulation in the US finacial industry started this global domino effect, Ignorance is a form of defence, the de regulation started well over ten years ago, it grew the bubble then allowed it to be onsold to the rest of the world, in effect giving the world cancer, would Europe still have had issues, no doubt, capitalism and globalisation the need for profit to survive, are doomed to fail, they require an ever growing number of consumers to buy products whilst reducing the amount of jobs to boost profits, its a no brainer you increase the population due to the need to create consumers of products, whilst cutting the number of employees through techological advances to boost profits, you burn both ends of the stick, its doomed to fail.
