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Tuesday, March 24

Credit crunch as transmissible disease

Rolling Stone has an absolutely brilliant piece on what they call Wall St's 'coup d'etat', which I can't recommend enough as a primer on the credit crunch.

It names the meltdown's 'patient zero' (think 'typhoid Mary') as one Joseph Cassano of AIG. He operated out of - wait for it - London! And was enabled by weak UK/EU regulation.

Seriously, a must read,


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