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Bill Gross: "Pyramids Crumbling" - Modern Banks Are a Pyramid Scheme of Leverage

This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 1 year 270 days ago (pimco.com). Views: 1,894
Tags: housing bubble bill gross

Related Tags: credit crisis gold wall street economics peter schiff inflation banks

Our modern shadow banking system craftily dodges the reserve requirements of traditional institutions and promotes a chain letter, pyramid scheme of leverage, based in many cases on no reserve cushion whatsoever. Financial derivatives of all descriptions [More...]

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1 year 242 days ago:
JackThompson propped the link Bill Gross: "Pyramids Crumbling" - Modern Banks Are a Pyramid Scheme of Leverage. [view link]

1 year 270 days ago:
trent propped the link Bill Gross: "Pyramids Crumbling" - Modern Banks Are a Pyramid Scheme of Leverage. [view link]

1 year 270 days ago:
ian propped the link Bill Gross: "Pyramids Crumbling" - Modern Banks Are a Pyramid Scheme of Leverage. [view link]