Saturday, Nov 22, 2008
Debt securitization is dead - so we're headed only one way!
GlobalReasearch.com: This Is Not A Normal Recession: Moving on to Plan B
"Neoliberal economists in the last three decades have denied the possibility of a replay of the worldwide destructiveness of the Great Depression that followed the collapse of the speculative bubble created by unfettered US financial markets of the 'Roaring Twenties'. They fooled themselves into thinking that false prosperity built on debt could be sustainable with monetary indulgence. Now history is repeating itself, this time with a new, more lethal virus that has infested deregulated global financial markets with 'innovative' debt securitization"
Posted by v stor @ 07:34 PM (184 views) Add Comment
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