Why Were Lessons of 1998 Mini-Crash Ignored? »

Posted By onlyonesecret 2 months ago in Political Opinion
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The American financial system almost collapsed in 1998 when a hedge-fund, "Long Term Capital Management" went belly up. In a harbinger of 2008, banks had placed huge derivative bets on the Russian economy with LTCM.

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onlyonesecret

I'm interested in people who can see what others can not,
Like-minded-free-thinking individuals who want to separate themselves from the "sheep".

There's an ...

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