04 February 2008

Bankers Gone Bonkers: Global Financiers Should Make Insanity Plea

By Pam Martens, CounterPunch
Posted on February 4, 2008, Printed on February 4, 2008
http://www.alternet.org/story/75858/

With Wall Street capital disappearing as fast as foreclosures are climbing, one foreign head of state had an epiphany. French President Nicholas Sarkozy advanced the idea recently that the global financial system is "out of its mind."

To develop this theory further, I've reconstructed below some of the mileposts on our journey to this financial loony bin.

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