The fall of the Dollar Empire

Fri, 15 Feb 2008 22:19:47

An interview with Hamid Varzi by Monavar Khalaj, Press TV, Tehran

The following is an interview with Hamid Varzi an economist and banker based in Tehran about the US economic crisis:

Q.Please tell us more about the 2007 subprime mortgage financial crisis and why, how and when it began?

A.The crisis began in 2000 with Bush Jr.'s election that re-established the irresponsible “Supply Sideâ€