Thursday, Nov 12, 2009
Casino royaley screwed
The Real News - youtube: Anatomy of casino capitalism
Economist, Jane D'Arista gives an insight into the 'propriety trading' scam perpetrated by investment banks. This is when banks are borrowing money from each other and speculate with it - inflating the bubble in the giant ponzi scheme to end all ponzi schemes. Mortgages where used as the collateral on which to borrow the money.
Posted by the number cruncher @ 08:20 PM (230 views) Add Comment
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