The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
We're potentially looking at insolvency for the major US financial institutions, huge class-action suits by both bond investors and wrongly foreclosed mortgagees, and the end of the rule of law and/or legal security around property records in the US.
If you take the view that the rule of law and a functioning property register are some of the key institutional factors explaining the success of capitalism in the last couple hundred years, you're potentially looking at the end of capitalism as we know it in the US.
By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by ManfromMiddletown - Oct 20 45 comments
by gmoke - Oct 7 3 comments
by ARGeezer - Oct 7 60 comments
by Frank Schnittger - Sep 29 19 comments
by DoDo - Oct 3 10 comments
by ManfromMiddletown - Oct 2045 comments
by gmoke - Oct 73 comments
by ARGeezer - Oct 760 comments
by DoDo - Oct 310 comments
by Crazy Horse - Sep 2925 comments
by Frank Schnittger - Sep 2919 comments
by Frank Schnittger - Sep 274 comments
by Cyrille - Sep 24136 comments