Spain’s solar energy crisis: 62,000 people bankrupt after investing in solar panels

In 2009, just a few months after the financial world was rocked by a massive CDO bubble, I saw an advertisement for financial products with a different name but doing the exact same thing. I thought that being freshly burned, people cannot be as stupid as piling into that once more. I was wrong. Hordes of greedy folks carried their cash to those funds. Needless to say that by now most have gotten their hair cut. Most people don’t think about fundamentals, they go with the herd and those Ponzi schemes use that. It will never end.

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