Word: blame
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...people to blame for the financial crisis...
...would be surprising if the G-20 did not push for more regulations of global financial firms. The banks and brokerage houses are easy to blame, and the blaming has the benefit of being accurate. They created the financial instruments that helped bring the global economy to its knees and sold them to institutions all over the world. The world is going to be hell for financial firms operating anywhere in the largest nations in the world. They will be regulated at unprecedented levels. (See pictures of the G-20 protests...
...such claims. So when AIG ran out of money, buyers of its insurance should have been forced to settle those claims for a fraction of what they were due. Instead, AIG took money from the government and paid the claims in full. (See 25 people to blame for the financial crisis...
...even some AIG executives gave up bonuses. Cialdini says brain imaging shows that when we think we're out of step with our peers, the part of our brain that registers pain shifts into overdrive. "It's an incredibly powerful spur to action," he says. (See 25 people to blame for the financial crisis...
...people to blame for the financial crisis...