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Yawn...
To get some perspective on things, you guys should go read "The Money Lords" by Matthew Josephson.
He was one of the great Wall Street writers who wrote on American finance from 1925-1950.
Nothing has changed with regard to Wall Street's love of funny money. For example, in 1970, $300 billion dollars (that's 1970 dollars, kids) was wiped out in the stock market because of wampum tactics used by companies such as ITT.
Josephson's book is a forgotten classic. Did you know that Bank of America financed it's national expansion in the 1920s by using boiler room operations to push their paper that was all but worthless by the 1930s?
You take that book the Money Lords, you change a few dates, a few names and it's a chronicle of the 2000s.
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