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Unbecoming American: Risky Business

Risk and fraudulent mutuality Thirty years ago, having just successfully completed a international congress on environmental consciousness and mass media which I had organized on behalf of the Deutsche Hygiene-Museum, Dresden, a legacy of an early German pharmaceutical magnate, the inventor of the mouthwash Odol; I was asked to prepare the framework for a subsequent […]
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Defusing the Derivatives Time Bomb: Some Proposed Solutions
The “protected class” is granted “safe harbor” only because their bets are so risky that to let them fail could crash the economy. But why let them bet at all? This is a sequel to a January 15 article titled “Casino Capitalism and the Derivatives Market: Time for Another ‘Lehman Moment’?”, discussing the threat of […]