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It’s the Derivatives, Stupid! Why Fannie, Freddie, AIG had to be Bailed Out

20 September 2008
It’s the Derivatives, Stupid! Why Fannie, Freddie, AIG had to be Bailed Out By Ellen Brown Global Research, September 18, 2008 www.webofdebt.com/articles "I can calculate the movement of the stars, but not the madness of men." – Sir Isaac Newton, after losing a fortune in the South Sea bubble Something extraordinary is going on with these government bailouts. In March 2008, the Federal Reserve extended a $55 billion loan to JPMorgan to "rescue" investment bank Bear Stearns (...)


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