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Asia Sentinel

The US Market’s Pyramid of Lies

Philip Bowring's avatar
Philip Bowring
Aug 10, 2007
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Sack Henry Paulson. Liquidate Goldman Sachs. Call Alan Greenspan to account. End Moody’s rating franchise. Arrest a few dozen salesmen of Collateralized Debt Obligations (CDOs). Those should be the correct responses to the chaos roiling western financial markets and beginning to have a knock-on effect on an otherwise soundly placed East Asia.

The market …

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