Saturday, September 21, 2013

The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives

The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives (via LA Progressive)

Increased regulation and low interest rates are driving lending from the regulated commercial banking system into the unregulated shadow banking system. The shadow banks, although free of government regulation, are propped up by a hidden government…

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