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Originally Posted by Mikhayl
I've read in The Inquirer that Philippe Oddo, CEO of the French private bank Oddo was detained by American bankers and held at gunpoint until he agreed to take shares in some very juicy loans that turned out to be rotten.
Now Oddo bank is bankrupt and the customers whose single innocent error was to be lured by great profit rates have lost most of their money, and they're pointing their finger at the US financial system. And rightly so I might add !
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"...and the customers whose single innocent error was to be lured by great profit rates..."
That says it all. Sounds like greed is universal. We Americans must have brought it with us from the "Old country (ies)".