Mish Fined 8,000 Euros for Quoting French Blog
MishTalk
NOVEMBER 20, 2013
Banks; Global Financial System is Bankrupt. On September 2, 2011, the Wall Street Journal chimed in with A French Banking Primer. The effects of a system that ''encourages excessive financial leverage''. trillion balance sheet is leveraged nearly 49-to-1. Let''s backtrack to my blog post that started it all.
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