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March 5, 2009
Mike Whitney: When Securitization Blew Up, So Did the Economy
By Amanda Lang
It was securitization and the 25-to-1 leveraging of toxic assets at the hedge funds, investment banks and private equity firms that brought on the current financial crisis.
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It was securitization and the 25-to-1 leveraging of toxic assets at the hedge funds, investment banks and private equity firms that brought on the current financial crisis.OpedNews volunteer from 2005 to 2013.
Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.