The blame game
It is a truth universally acknowledged that a bank in possession of several billion-worth of bad assets must be in want of a scapegoat. As soon as the European Central Bank decided to inject €94.8 billion ($129.8 billion) on 9 August, and in doing so, reveal the extent of the illiquidity and lack of trust plaguing the interbank markets, it was inevitable that banks would be on the look out for someone to blame.
It wasn't long before Alan Greenspan, a former chairman of the Federal Reserve whose
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