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Tag Archives: capitalism

Who caused the global financial crisis? An inconvenient truth

You have heard this before, a million times in the past five years: 1. American banks knowingly sold unrepayable home loans to a gullible public; 2. Unregulated Wall Street greed resulted in poor investments being sold to retirement funds the world over; 3. Credit derivatives and credit default swaps were among those evil toxic securities which banks created and which ...

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