Governments in industrial countries have allowed public debt to rocket, saving the private banks that have engendered the biggest financial crisis since the 1930s. Everywhere, repaying public debt has become a perfect excuse to apply austerity. Governments are on an offensive - the biggest offensive since the Second World War - against economic social solidarity. This book facilitates an understanding of several key issues: How and why did this crisis develop? The impact of the deregulation of banks, their manipulations and crimes. The role of the European Central Bank and the US Federal Reserve System. Government complicity. This book looks towards the socialisation of bank; for the cancelling of illegitimate public debt. Written in a simple manner, it is an indispensable tool to understand the crisis and to explore coherent alternatives.