2011/02/14

The problem

This was the problem with the banks: it was not their funds that would be lost if they failed. standard


Seriously

A confidential report by the Pentagon says the 2008 meltdown may have been prompted by co-ordinated attacks by "financial terrorists intent on destroying the American financial system". It could have been a three-pronged onslaught: pushing up oil prices; launching bear raids against Bear Stearns and Lehman; then hitting the dollar. Seriously. standard

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