Sunday, April 6, 2008
Inflationary Losers in the Great Solvency Slump
You donât have to be a rabid libertarian or Marxist historian with leather patches on his jacket to look at the current world banking crisis and ask "Cui bono...?" "Who benefits?" as the criminal lawyer demands of the jury. And curiously enough, at first glance at least, the lawyers look set to clean up once more. "Investors and their lawyers filed 70 securities-fraud class actions in the first quarter," reports Conde Nast's Portfolio.com, "almost the same number that were filed in the firs
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