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September 25, 2008



Yes - Steinbrück's throwing stones over the pond has to be read in the context of his domestic accountability. What he says might well be true, but there's no need for a finance minister to say it - other than getting out of trouble.

Dr. Wolfram Froeb, M.C.J. (N.Y.U.)

your comment is unfair.

the troubles of German banks were aLL caused by culprits sitting in the US:

- US banks giving subprime öoans
- smart Masters of the Universe
inventing packages including
the subprime loans
- agencies rating the junk papers
as AAA
- an administration allowing all
these practices without seeing
the risks for the US and the

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