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Daily Archives: June 21, 2011
Investment banks are the architects of our global disaster
Investment banks cannot self-regulate. Their business model is founded on endless want and greed–add more leverage is the tried and true recipe for their eye-popping bonuses. They cannot help themselves. Careful, clear and enforced regulation in this area is the … Continue reading
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David Stockman: EU crisis is the new subprime on a global scale
David Stockman points out that banks and lax monetary policy have been the great enablers of our present lunatic situation.
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