Tuesday April 28, 2009
The Debt Looters
Greg Moses
Counterpunch
It wasn’t the housing bubble exactly. It was more the way the bubble was blown.
In the official language of the International Monetary Fund report for April 2009, “the crisis was largely caused by weak risk management in large institutions at the core of the global financial system combined with failures in financial regulation and supervision.”
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Posted in: by bubblejam at 03:44 AM | Comments (0) | Email This Entry