From Pine View Farm

The Entitlement Society 0

Michael Silverstein, in the Philadelphia Inquirer, explains how “securitization” works with a down-to-home example.

I can’t excerpt or summarize it. It has to be taken in from beginning to end.

Additional reading (but make sure to read it second). I can isolate a snippet from this one:

A whopping 60 to 65 percent of the world’s dirty money stems from the intentional, illegal manipulation of taxes and of commerce (e.g., falsified pricing, sham transactions), particularly by multinational corporations.


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