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Net News

10/22/08

09:31:38 am, Categories: Net-News, 125 words  

Wall Street Hustlers Built a $100 Trillion House of Cards and Stuck You with the Fallout

Deregulation brought us hugely "leveraged" investments, and they brought us panicked markets and pain. The bottom line: There was a feeding frenzy that drove housing prices far beyond what the fundamental laws of supply and demand would dictate. People certainly got in over their heads, but the ultimate responsibility for that lies with the investment bankers who cooked up exotic new ways to make risky investments look more secure than they actually were. GWB: Banks ADMIT They'll Keep on Hoarding Cash. Media Monitors: No Wind of Change in Wall Street or Washington after the bailout. Global Research: Financial Meltdown: The Greatest Transfer of Wealth in History. Online Journal: Unstoppable changes in the post crash world. + A primer on inflation. CounterPunch: The ABCs of Paulson's Bailout.

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