10 years since the credit crunch, and it’s still the poor people’s fault

On 9th August 2007 the banking sector observed the first shudder of what was to become a debilitating earthquake of seismic proportions. The markets woke up to find French bank BNP Paribas had halted redemptions on three investment funds because it was unable to measure the value of the (then) obscure (but now infamous) collateralised debt obligation … Continue reading 10 years since the credit crunch, and it’s still the poor people’s fault