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The Financial Tsunami, Part IV by F. William ENGDAHL

8 February 2008
GlobalResearch.ca Financial Crisis: Asset Securitization— The Last Tango Endgame: Unregulated Private Money Creation What had emerged going into the new millennium after the 1999 repeal of Glass-Steagall was an awesome transformation of American credit markets into what was soon to become the world’s greatest unregulated private money creation machine. The New Finance was built on an incestuous, interlocking, if informal, cartel of players, all reading from the script (...)


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