Abstract
The USA has a debt about to exceed $17 trillion. Part of that massive debt came from the US government’s bailout of banks, the executives of which purposefully leveraged people 60–70 percent of their salaries, repackaged the mortgages when they noticed it was impossible to collect, and sold them off at a profit in the derivatives market. The lawyers working for major banks later admitted to falsifying thousands of foreclosure papers to illegally remove Americans from their homes.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Copyright information
© 2013 Michael Babula
About this chapter
Cite this chapter
Babula, M. (2013). An Unenlightened Developmental Psychology. In: Motivation, Altruism, Personality, and Social Psychology. Palgrave Macmillan, London. https://doi.org/10.1057/9781137031297_1
Download citation
DOI: https://doi.org/10.1057/9781137031297_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-44079-5
Online ISBN: 978-1-137-03129-7
eBook Packages: Palgrave Social Sciences CollectionSocial Sciences (R0)