The math of our financial crisis is very simple. Very few assets have been leveraged to serve elite banks and financiers. It starts with fractional banking and progresses to exaggerated deficit spending. The Financial Times has a good article today. http://www.ft.com/cms/s/0/7a2fe9a0-e04f-11e0-ba12-00144feabdc0.html#axzz1YJ9rutg8
The endgame approaches when banks and financial institutions are run solely for the bonuses of employees.
There are several things that could have prevented this debacle...not least the Hedge tax.
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