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A Shuffle of Aluminum, but to Banks, Pure Gold - NYTimes.com

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A striking illustration of the consequences of deregulation. Banks are now permitted to buy companies that trade in commodities, resulting in huge profits for the banks and higher prices for consumers....

The good news ? Mr Obama is said to be considering appointing the ineffable Lawrence Henry Summers as next chairman of the Federal Reserve. Talk about the fox keeping the hen house !...
Read the rest of the story HERE:

At www.nytimes.com


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Sinologist, psychiatrist. Resides in Stockholm

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