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The Great American Bank Robbery
Link: http://www.alternet.org/economy/145774/the_great_american_bank_robbery
How did the big banks nearly take down the entire economy and still continue to profit? Nobel Prize-winning economist Joseph Stiglitz explains. Bankruptcy is a key feature of capitalism. Firms sometimes are unable to repay what they owe creditors. Financial reorganization has become a fact of life in many industries.
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