Thursday, April 08, 2010

Pop quiz: what do all of these problems have in common?

* Wildly volatile food and energy prices
* The failure of AIG, Lehman Brothers and Bear Stearns
* The collapse of our financial markets
* The loss of trillions of dollars of wealth by investors

Give up? They can all be traced to unregulated, non-transparent "derivatives" markets on Wall Street.

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