The primary cause of the 2008 global recession and credit crisis were the many wealthy Russian oligarchs who took out generous loans from Russian banks, then bought shares in Russian companies, and then took out more loans from United States banks against the value of these shares (used as collateral).

So we (US Banks) gave loans collateralized with Russian Loan money which was coverted to Russian securities--of Russian companies!

This was conducted secretly during the Bush Administration, well aware of the consequences & willing to consider this 'sunk cost' and one compensatory addend payment for the Alaskan Purchase.

MORE PAYMENTS ARE PLANNED TO BE CONDUCTED UNDER THE GUISE OF LOANS TO RUSSIANS--the Russian for their role in this theater of fraud are deliberately defaulting, and the US Media portrays this as 'bad decision making mistakes by banks,' when in fact these are programmatized, pre-meditated, deliberate decisions to channel massive US Funds to Russia.

Media is controlled by CIA, Bush & Cheney Lie,, Obama Lies, Washington Lies!

Grossly unfair to conduct this scheming, yet not intended to be fair to you and me--everyone I know has been asking
"Where is this TARP & Stimulus money!" (in Russia!)
"No improvements have occurred!!!"(unemployment is rising)
"Where are the alleged Stimulus Jobs!!!" (Fake-ast media portayals only)

Just very fake propped up media--nothing else--JOB STIMULUS IS A LIE!
WE ARE BEING LIED TO BY BUSH & OBAMA!!!
See Below->

The 2008 global recession and credit crisis-

Many Russian oligarchs took out generous loans from Russian banks, bought shares in Russian companies, and then took out more loans from western banks against the value of these shares (used as collateral).

One of the first to get hit by the global downturn was Oleg Deripaska, Russia's richest man at the time whose net worth was $28 billion in March 2008. As Deripaska borrowed money from United States banks using shares in his Russian companies as collateral. Expectations for loan recoveries are nonexistent.

The Russians who were shareholder of Russian companies who sold their shares to Oleg made mega-buck profit from the American Loaned Cash---Oleg served as a conduit to sap Cash out of America....American Loans to Oleg collateralized with Russian Loans to Oleg!!!<----Makes sense--No, absolutely No! Yet, US media portrays it as honest mistake because ->>>Bush has CIA Media control AND WE KNOW CIA & BUSH ARE CERTIFIED LIARS, PRACTICED LIARS--unable to be truthful as Pelosi has shown over & over again!!

Bush & Cheney sent America into destitution--STOP OBAMA FROM ALLOWING RUSSIAN LOANS!