French bank used as excuse for everything

After the news emerged that Société Général (SocGen) had been defrauded to the tune of €5bn, gasps rang out across the financial world. Well, gasps and relieved sighs. Because it turns out that the entire financial crisis we're heading into now ('the worst in living memory') isn't caused by systematic problems with the capitalist financial system. Oh no. It's all SocGen's fault.

tombcn.com - my blog posts about travel, books, food and music