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Storm Looming

Alice Poon
Sep 18, 2007
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Storm Looming
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Recommended reading:

U.S. Banks Brace for Storm Surge as Dollar and Credit System Reel

By Mike Whitney (Counterpunch)

An excerpt:-

"A more powerful tsunami is about to descend on the United States where many of the banks have been engaged in the same practices and are using the same business model as Northern Rock. Investors are no longer buying CDOs, MBSs,…

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